Multinational auto companies oppose EU tariffs on Chinese EVs, call for free trade

Multinational car manufacturers exhibiting at the ongoing 7th China International Import Expo (CIIE) have voiced their opposition to the European Commission's decision to impose extra tariffs on China-made electric vehicles (EVs), calling for free trade and fair competition in the auto market.

The CIIE is the world's first national-level exposition dedicated to imports. Running from November 5 to 10 under the theme of "New Era, Shared Future," the 7th CIIE has attracted participants from 152 countries, regions and international organizations.

This year, nearly 40 companies from 11 countries and regions participated in the automotive exhibition, with over 70 percent of them being Fortune Global 500 companies or industry leaders.

During the expo, chief executives of German automakers including Volkswagen, Audi, and BMW all called for a fair competitive environment of the industry.

"We stand as Volkswagen Group for fair conditions in worldwide trade and we do not support the current proposal for the tariffs. I think we should think more on opportunities for those who come to a region and invest in technology, invest in plants, invest in employment, (they) should benefit from a lower tax policy，" said Oliver Blume, CEO of Volkswagen Group.

"As Audi being for over 30 years in China, we believe in free trade and we do not believe that tariffs are the right way. The right way is free trade, the right way is competition and that brings innovation to the customers. And I also believe that we will have and need a fair competition in Europe and in the European auto market," said Gernot Dollner, CEO of AUDI AG.

Sean Green, President and CEO of BMW China, said that providing a fair competitive environment for all participants is the fundamental rule within the global trading system. He also commended the expo as a key platform for enhancing business prospects.

"We've enjoyed 30 years of success in China as it's opened up, and we have a long-term view that the growth in China will continue. And it's great to meet some colleagues of similar OEMs but also our suppliers as well," said Green.

Sam Wu, President and CEO of Ford China, said that the automotive sector operates as a global industry chain and fragmentation should be avoided.

"The industry chain functions globally with division of labor, collaborations, and interactions. Disruption of the industrial chain will hinder its development and does not cater to consumers in receiving the best products and services," said Wu.

Multinational auto companies oppose EU tariffs on Chinese EVs, call for free trade

China launched a month-long consumption promotion event in its financial hub Shanghai on Monday, featuring a variety of activities, including the launch of new products.

Known as China International Premium Consumption Month, the event is set to be held in Shanghai, Beijing, Guangzhou, Tianjin and Chongqing throughout November.

During the event, a total of 50 activities featuring new products release, first-time exhibitions, and opening of new stores will take place in those places.

In Beijing, nearly 50 new stores across fashion, cosmetics, and other sectors will open, with over 100 new domestic products expected to make their debut. Meanwhile, over 200 exhibitions and performances will be held for the first time, offering customers a vibrant and diverse experience.

Shanghai plans to organize 10 themed activities, including new product launches and promotion of traditional culture.

"More than 200 brands will launch their new products during the event," said Liu Min, deputy director of the Shanghai Municipal Commission of Commerce.

China launches consumption month, featuring diverse activities