The Zhitong Finance App learned that on October 14, the China Association of Automobile Manufacturers issued a statement on the Sino-European negotiations on hybrid vehicles and electric vehicles, which stated that under the World Trade Organization (WTO) multilateral rules framework, China and Europe clearly uphold the three principles of fact-based, non-discrimination, and compliance, and reached a consensus on hybrid and electric vehicle trade issues. 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.

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