On October 14, the China Association of Automobile Manufacturers issued a statement on the Sino-European negotiations on hybrid vehicles and electric vehicles: Recently, China and Europe upheld the principles of mutual respect and equal consultation, and conducted intensive consultations and reached consensus on hybrid vehicles and electric vehicle trade issues under the trade and investment consultation mechanism. The China Association of Automobile Manufacturers paid close attention to this and welcomed and supported the positive results of the negotiations. Currently, protectionism in global trade is on the rise, and uncertainty in the international economic and trade environment is clearly rising. The automobile industry is highly globalized, has a long supply chain, and close multinational collaboration, and faces multiple challenges such as policy barriers and supply chain restructuring. If trade frictions are allowed to escalate, it will not only drive up enterprise costs and disrupt the normal market order, but also damage consumers' interests and affect the transformation and upgrading of the automobile industry. As important global economies and automobile markets, China and Europe have strong industrial complementarity and broad scope for cooperation. The two sides insist on managing differences through institutionalized consultations, managing friction appropriately, replacing confrontation with dialogue, and resolving disputes through cooperation, which is a rational choice that conforms to the fundamental interests of both sides. This time, under the multilateral rules of the World Trade Organization, China and Europe clearly uphold the three principles of fact-based, non-discrimination, and compliance, and reached a consensus on the trade issues of hybrid vehicles and electric vehicles. This consensus helps stabilize industry expectations between the two sides, maintain the stability and smooth flow of the automobile industry chain supply chain, and create a more predictable environment for car companies to carry out trade and investment cooperation; it also helps maintain the common interests of the industry and consumers of both sides, and avoid the escalation of trade frictions. Relying on the WTO platform, China and Europe insist on handling trade disputes through dialogue and negotiation, setting an example for the international community to properly resolve differences. The China Association of Automobile Manufacturers is willing to continue to play a role as a bridge and link, push the industry to strengthen communication and coordination, support China and Europe to move forward under the trade and investment consultation mechanism, implement consensus and resolve differences, jointly maintain a fair, open and non-discriminatory international trade environment, and inject positive energy into the green and low-carbon transformation and sustainable development of the global automobile industry.

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