China's commerce minister says overcapacity concerns are 'groundless,' claiming that the country's EV success is due to 'innovation,' not subsidies

The U.S. and Europe are increasingly concerned that Chinese subsidies are encouraging overinvestment in sectors like EVs.

China's commerce minister says overcapacity concerns are 'groundless,' claiming that the country's EV success is due to 'innovation,' not subsidies
The U.S. and Europe are increasingly concerned that Chinese subsidies are encouraging overinvestment in sectors like EVs. Read More