China's auto body says it strongly opposes EU's Industrial Accelerator Act
China's auto body says it strongly opposes EU's Industrial Accelerator Act
ReutersFri, May 22, 2026 at 11:30 AM UTC
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EU and Chinese flags are seen in this illustration taken, March 20, 2025. REUTERS/Dado Ruvic/Illustration
BEIJING, May 22 (Reuters) - China's auto industry body on Friday expressed "serious concern, strong dissatisfaction and firm opposition" to the EU's Industrial Accelerator Act (IAA), criticising it of discriminatory provisions targeting foreign firms, including in EV and batteries.
The China Association of Automobile Manufacturers (CAAM) "calls on the European side to carefully assess the impact of relevant provisions on China-EU industrial cooperation," according to a statement on its social media account.
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The European Commission proposed the act in March but it has not yet been adopted and remains under negotiation.
(Reporting by Ethan Wang, Shi Bu and Ryan Woo; Editing by Toby Chopra)
Source: “AOL Breaking”
