China's Ministry of Commerce said over the weekend it was launching consultations with the EU over the bloc's probe into the role of subsidies in Chinese electric cars.
"I believe the governments are now considering how, through negotiations, they can combine investment together with commodity trade," said Wan Gang, now president of the China Association for Science and Technology. Wan added that 2001 was also the year when the Chinese government set a goal of developing a "moderately prosperous society," which would mean every family would soon have their own car.
The U.S. this year also raised tariffs on Chinese electric car imports amid growing criticism of how Beijing's policy has overly favored domestic players over foreign companies.
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