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Story summary
- China and the European Union reached an agreement on price undertakings for Chinese BEV exports to guide exporters under WTO rules.
- The European Union previously imposed anti-subsidy tariffs on Chinese BEVs up to 35.3%.
- The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCEU) welcomed the agreement, emphasizing that China’s EV competitiveness comes from innovation, not subsidies.
