Exclusive Interview｜There is not any dependable foundation for the speculation of “China’s new power overcapacity” – Interview with Muller, Chairman of the German Automobile Industry Association
Xinhua News Agency, Berlin, May 15
Hildegard Müller, chairman of the German Automobile Manufacturers Association, not too long ago accepted an unique interview with a reporter from Xinhua News Agency and stated that there isn’t any dependable foundation for the “China’s new power overcapacity concept”. The present Chinese vehicle export knowledge doesn’t help the “overcapacity” concept. Germany is keen to strengthen cooperation with China’s new power automobile trade to collectively promote the worldwide low-carbon transformation.
Regarding the current hype by some nations about China’s “overcapacity” of recent power autos impacting the world market, Mueller stated: “About 16% of China’s vehicle manufacturing is exported abroad, whereas three out of each 4 vehicles within the German vehicle trade are exported. We will not be complaining about overcapacity. For the fitting individual, we wish to embrace competitors on a world scale.”
The European Commission has not too long ago launched a countervailing investigation into Chinese electrical autos and is predicted to problem a preliminary report earlier than June 5. In response to the EU’s commerce protectionist measures towards China’s auto trade, the German Automobile Industry Association expressed its opposition to the imposition of further tariffs on electrical autos imported from China.
“The German vehicle trade advocates market openness and honest competitors, and opposes commerce protectionism. Adding tariffs isn’t the fitting approach to clear up commerce issues.” Muller stated that the auto trade is a extremely globalized trade, and the German Automobile Industry Association hopes that the EU and China will attain an settlement on Open up a dialogue concerning the variations that exist. Fair competitors is a vital cornerstone of the event of the auto trade.
“Additional tariffs and different measures is not going to clear up the challenges confronted by Europe and the German vehicle trade, however might result in commerce conflicts.” Mueller believes that the financial and commerce exchanges between the German vehicle trade and China have offered Germany with a lot of job alternatives and big earnings, serving to to The German vehicle trade is present process electrification and digital transformation, and commerce conflicts will hinder the transformation course of.
“The profitable expertise of China’s electrical automobile market is essential to reaching international local weather targets.” In Mueller’s view, the fast improvement of China’s new power autos and the vitality of the Chinese market have benefited the worldwide automotive trade. China is the world‘s largest new power automobile market, and the German automotive trade will proceed to deeply discover the Chinese market.
Muller believes that strengthening exchanges and cooperation and selling frequent improvement are the long run improvement instructions of the German and Chinese vehicle industries. Germany is keen to strengthen cooperation with the Chinese vehicle trade in areas equivalent to clever connectivity, autonomous driving, and low-carbon emission discount, and welcomes Chinese vehicle corporations to put money into Germany.