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2024-06-25 06:00:48

China Threatens Retaliation Against EU Investigations, Targeting Wine, Dairy, and Aircraft on Nostr: China Defends its EV and Lithium Battery Industry Against Over-Capacity Allegations ...

China Defends its EV and Lithium Battery Industry Against Over-Capacity Allegations
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#ac1676e0 ver:0.71

China's Premier Li Qiang defends Chinese EV and lithium battery industry against over-capacity allegations, stating that production meets global demand and benefits from economies of scale and early investment in green technologies. China prepares for talks with the EU on tariffs for Chinese-made EVs, while the US has already imposed tariff hikes. Europe's battery industry struggles to catch up due to slow EV sales, lack of subsidies, and high production costs. China controls over 80% of the battery market, while the US and Canada offer substantial incentives. #EV #China #batteryindustry...

#newstr #China #ElectricVehicles #LithiumBatteries #Subsidies #Tariffs #WorldEconomicForum

https://here.news/story/ac1676e0?ver=0.71
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