(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.
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Egypt opens pharaonic mummies hall to visitors at new museum in Cairo
Desert locusts seen in Sanaa, Yemen
Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D
Voting begins in Singapore general election
China's homegrown C919, ARJ21 commence Southeast Asian demo flights
Spotlight: U.S. authorities tell int'l students to leave U.S. if universities go online
Amtrak train hits pickup truck in upstate New York, 3 dead including child
Storied apparel retailer Brooks Brothers files for bankruptcy amid pandemic