Geely Supports China-EU Automotive Trade Consultations

Geely Holding Group, a major Chinese automotive company, has officially stated its support for the recent consensus achieved during trade consultations between China and the European Union. The focus of the agreement is on the trade of hybrid vehicles.

The company welcomed the positive outcomes of the second regular meeting of the China-EU trade and investment consultation mechanism. Geely commended the efforts of both sides in handling automotive trade differences through intensive discussions, guided by principles of mutual respect and equal consultation.

Geely voiced its support for the three core principles confirmed in the agreement: respect for facts, non-discrimination, and compliance, specifically concerning hybrid vehicle trade. The company believes these principles, based on trade realities and offering mutual benefits, create favorable conditions for deepening cooperation within the automotive sectors of China and the EU.

The statement highlighted that a stable and predictable trade environment is crucial for long-term business operations. Geely anticipates that the established consensus will help prevent escalation of trade friction and stabilize market expectations, thereby boosting confidence among businesses engaged in Sino-European economic cooperation. The group pledged to continue open cooperation, operate in compliance with laws, and contribute to the stability of the automotive supply chain and its green development.