(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.
Brazil replaces injured goalkeeper Ederson in Copa America squad
'Global status far off for China's carmakers'
Xi, Assad Jointly Announce China
Molecular identified as key to suppress inflammation in brain
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
New model reveals seabirds' movement may help analyze animal decision
Hong Kong police hold open day for national security education, police force anniversary
Guangdong's manufacturers stand out from pack
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
World should focus more on small businesses, young people: Jack Ma
Verona confirms Serie A status for another year after beating Salernitana
China reveals shortlist of 10 names for 1st Mars rover