China has lodged a formal complaint with the World Trade Organization (WTO) against India’s subsidies for electric vehicles (EVs) and batteries.
The move, announced by China’s commerce ministry on Wednesday, claims that these incentives unfairly favor Indian companies and harm Chinese businesses.
Dispute Over Subsidies
The Chinese government argues that India’s financial support for its domestic EV and battery industries creates an uneven playing field.
According to the ministry, the subsidies distort competition, giving Indian manufacturers an advantage while undermining the interests of Chinese firms in the global market.
China’s Response
In a statement, the commerce ministry vowed to take decisive steps to protect its domestic industries.
“China will adopt firm measures to safeguard the legitimate rights of our businesses,” it declared, signaling a strong stance against what it perceives as unfair trade practices.
Implications for Global Trade
The complaint escalates tensions between the two economic giants, highlighting the competitive stakes in the rapidly growing EV sector.
As both nations vie for leadership in clean energy technologies, this dispute could influence future trade policies and international cooperation on sustainable development.
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