(ECNS) -- China has issued a document to encourage NEV companies to set up overseas research and development centers, according to the Ministry of Commerce on Wednesday.
The document specified that NEV companies and supply chain enterprises should optimize global innovation resources and establish strategic relations with foreign research institutions and industrial clusters. Automakers are encouraged to enhance innovation in NEV design, research and engineering technology.
The document said it supports industry organizations to hold product promotions in key overseas markets and establish a good image for Chinese NEV brands.
China exported 1.773 million electric passenger vehicles in 2023, an increase of 67.1 percent year on year.
As exports soared, European Commission (EC) launched an investigation into whether to impose punitive tariffs to protect European Union producers against Chinese NEV imports last year.
Bairstow's unbeaten century leads Punjab to highest run chase in IPL history
Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
Heartbreaking moment loyal dog desperately chases its owners' car after it was dumped on road
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Orbán challenger leads protest calling for child protection after sexual abuse scandal in Hungary
Body identified as missing man in case that drew attention because officer was charged
Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
Amtrak train hits pickup truck in upstate New York, 3 dead including child
Ashley Judd, #MeToo founders react to ruling overturning Harvey Weinstein's conviction
Target to lower prices on basic goods in response to inflation
Braves 2B Ozzie Albies activated from injured list ahead of series versus Guardians