Trade barriers in NEV sector criticized
China DailyEmployees work on the assembly line of a new energy vehicle manufacturer in Chongqing. The United States' ploy to overhype "overcapacity" in China's NEV sector and its national security concerns over Chinese electric vehicles are typical examples of trade protectionism, said Fu Bingfeng, executive vice-president and secretary-general of the China Association of Automobile Manufacturers, in an exclusive interview with China Daily. Last week, Reuters also reported that US Commerce Secretary Gina Raimondo said the country could take "extreme action" and ban or impose restrictions on Chinese connected vehicles after the completion of a national security investigation. "A global perspective is a must to understand and support changes and development in a highly globalized industry like automaking, rather than viewing a specific market's production capacity in isolation," he said. "Given the development pattern of the automotive industry, maintaining the production capacity utilization rate at a relatively moderate level, typically between 70 percent and 90 percent, is considered a reasonable range," Fu said.
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Trade barriers in NEV sector criticized
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