Officials, business representatives call for China-US cooperation in auto industry

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The photo taken on Oct. 26, 2020 shows the Tesla Model 3 vehicles made in China at its gigafactory in Shanghai, east China. Photo: Xinhua

China and US trade officials expect closer ties to jointly develop the auto industry focused on intelligent electric vehicles (EVs). They call for an open and fair trading environment despite the lingering tensions between the world’s two largest economies.

Xu Haidong, deputy secretary general of the China Association of Automobile Manufacturers, said Chinese and American automobile manufacturers have cooperated successfully and the two sides have taken advantage of their respective advantages to establish a win-win situation.

“Chinese companies want to invest in the United States, participate in their innovation activities and integrate into their economy. But that requires the United States to provide a more stable, fair and transparent trading environment, ”Xu noted.

He made the remarks at a Sino-US auto industry seminar held Thursday in Hangzhou, capital of east China’s Zhejiang province. The event was the first in 2021 of the US-China Business Twinning Program (CMP), which was jointly launched by the China Council for the Promotion of International Business (CCPIT) and the US Department of Commerce in 2005.

Xu noted that the US government should roll back the punitive tariffs against China and restore confidence among Chinese investors.

“China also invites US companies to develop with the domestic auto industry,” he added.

U.S. tech giant Tesla saw sales in the Chinese market more than double last year amid the COVID-19 pandemic thanks to the rapid economic recovery in China thanks to effective coronavirus prevention measures.

Ford Motor sold 602,627 vehicles in China last year, up 6% from 2019, its first annual growth in the world’s largest auto market since 2017.

“As participants, promoters and beneficiaries of the economic and trade cooperation between China and the United States, the business community is more than qualified to set the goals of a mutually beneficial and win-win nature of economic relations and China-US trade, as well as the broad common interests and immense space for their cooperation, ”Zhang Shenfeng, vice president of CCPIT, said at the seminar.

A series of recent surveys by the American Chamber of Commerce, the Chinese-American Business Council and the American Chamber of Commerce in China have all shown that foreign companies in China are optimistic about China’s economic development prospects in the country. future and are ready to continue to take root in China and oppose the economic decoupling of the two countries.

“The electric vehicle industry in the United States is still wide open. Supply chains and the electric vehicle industry are not mature enough, and there is room for competitive domestic players to tap into the sector, ”Cui Dongshu, General Secretary of the China Passenger Car Association, told the Global Times.

China’s electric vehicle industry currently leads the world in establishing an industrial system, improving technological levels and competitiveness of enterprises, and building infrastructure, Cui noted.


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