“Turmoil in the car industry because of China’s e-quota”
The German government has called on China to postpone its planned e-car quota for carmakers, Handelsblatt reports. The four largest carmaker associations from Europe, the US, Japan and South Korea have all requested that China amend the quota and grant carmakers a three-year “period of grace” to prepare the shift to more e-cars, the article says. Handelsblatt cites a media report which states the associations were “highly concerned” about sanctions for not fulfilling the quota. The German Association of the Automotive Industry (VDA) and other associations warned China that its policy of penalising carmakers that imported batteries to China rather than using Chinese products “risked international trade conflicts.”
Read the article in German here.
For more information, see the CLEW article Sino-German tandem: Export champions promote global energy transition.