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China Boosts Global EV Expansion, Seeks to Counter Trade Restrictions

In a coordinated effort, China aims to fortify its electric vehicle industry against international trade barriers and enhance overseas cooperation.

  • China outlines a comprehensive plan to support its electric vehicle (EV) industry amid growing international trade restrictions.
  • The strategy includes establishing R&D and after-sales service centers abroad, and fostering collaboration with foreign partners.
  • Beijing's move comes as Chinese EV exports face probes and potential sanctions in Europe and the U.S., threatening the sector's global growth.
  • China surpassed Japan as the world's top car exporter in 2023, with EVs playing a significant role in this achievement.
  • The government's measures aim to safeguard exports, promote standardization, and ensure the EV sector's continued expansion.
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