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Tech transfer a must for Chinese EV investors in Europe, EU trade chief suggests
Ahead of his trip to Beijing next week, Maros Sefcovic says US tariffs could unleash a flood of Chinese overcapacity on Europe
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Finbarr Berminghamin Brussels
If Chinese electric vehicle and battery manufacturers want to invest in the European Union, they should be prepared to transfer technology, according to the bloc’s trade chief.
Addressing a European Parliament hearing in Brussels on Thursday, Maros Sefcovic said he planned to use his trip to China next week to discuss ways Chinese direct investment in the EU could advance the bloc’s value chains and technology.
“My intention is to engage proactively on areas of divergence, raise our concerns related to the level playing field and the impact on the EU, which we cannot leave unaddressed, [and] seek resolution to concrete market access issues,” he added.
Sefcovic will be in China from March 26 to 28 for talks with Commerce Minister Wang Wentao.
02:01
China doubles down on subsidising trade-ins of conventional cars for EVs
China doubles down on subsidising trade-ins of conventional cars for EVs
Sefcovic’s comments followed reports that the EU was investigating whether a factory in Hungary owned by Chinese EV maker BYD received undeclared state subsidies from Beijing.
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