Wu Kegang, Senior Advisor on Business Development between China and the UK and former Chief China Affairs Advisor of the British Chamber of Commerce, recently stated in an interview with Xinhua News Agency that from a global perspective, the electric vehicle industry has not experienced "overcapacity". "The world needs more electric vehicles," Wu Kegang said. The imbalance in production capacity development between countries mainly stems from regional differences in competitiveness, and calling this imbalance in production capacity development "overcapacity" is misleading. On September 7, 2023, workers worked in the production workshop of SAIC Zhengda Company's automobile factory located in Chumphuri, Thailand. Xinhua News Agency reporter Wang Teng and Wu Kegang believe that the fluctuations in demand for electric vehicles in Western countries may be influenced by factors such as reduced government subsidies and delayed deadlines for phasing out gasoline vehicles in some countries. For example, British Prime Minister Richie Sunak announced in September last year that the timetable for banning the sale of gasoline and diesel new cars would be extended from 2030 to 2035. Wu Kegang said that China's high-quality and affordable electric vehicles will help the world accelerate its transformation towards electric vehicles. According to data from the China Association of Automobile Manufacturers, China's automobile exports reached 4.91 million units in 2023, a year-on-year increase of 57.9%. Among them, the export of new energy vehicles was 1.203 million, a year-on-year increase of 77.6%. On April 25th, people visited the site of the 18th Beijing International Automobile Exhibition in 2024. In the view of many British automotive industry professionals, China has accelerated the development of the electric vehicle industry in recent years, demonstrating obvious scale advantages, which helps it actively participate in international competition. More Chinese electric vehicle brands entering the UK not only lower the prices of electric vehicles, but also encourage industry innovation, benefiting both consumers and the automotive industry. Wu Kegang stated that there are voices from all sectors in the UK welcoming Chinese electric vehicle brands to enter the UK and looking forward to deepening cooperation in the UK China automotive industry, which is a positive signal. "I hope more Chinese companies can explore cooperation opportunities in the UK and Europe." (Xinhua News Agency)
Edit：Yi Jing Responsible editor：Li Nian
Source：XinhuaNet
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