China has lodged a complaint with the World Trade Organization (WTO) against US regulations that prevent electric vehicle makers from purchasing battery materials from China, a spokesperson with the Ministry of Commerce, He Yadong, said. Under the pretext of addressing climate change and a low-carbon environment, the US introduced the Inflation Reduction Act and its implementation details. It formulates discriminatory subsidy policies by using products from specific regions such as the US as a prerequisite for subsidies, which distorts fair competition and seriously disrupts the global new energy vehicle industry chain and supply chain, in violation of relevant WTO rules.
He Yadong pointed out at a press conference that China’s lawsuit is not only a legitimate move to safeguard the interests of Chinese new energy vehicle enterprises and the fair competition environment of the global new energy vehicle industry, but also to firmly defend the multilateral trading system based on rules and firmly maintain the stability of the global new energy vehicle industry chain and supply chain.
