China Association of Automobile Manufacturers Opposes EU's Industrial Accelerator Act

[Policy Statement] The China Association of Automobile Manufacturers (CAAM) has expressed firm opposition to the European Union's Industrial Accelerator Act (IAA).

Key Development: The Act Imposes Institutional Discrimination

The European Commission recently proposed the Industrial Accelerator Act (IAA), targeting four key sectors including batteries and electric vehicles, imposing restrictions such as foreign ownership capped at ≤49%, mandatory technology transfer, and a requirement that at least 50% of employees be locally hired. The Act also promotes a "EU-origin" preference in public procurement. CAAM stated that these measures constitute unreasonable suppression of Chinese automakers and represent a clear case of institutional discrimination.

Industry Impact: Disruption of Normal Sino-European Industrial Collaboration

This legislation severely disrupts Sino-European industrial cooperation and market competition order, harming the interests of Chinese automotive companies and their upstream and downstream partners. CAAM emphasized that China’s industry has always adhered to the principles of open collaboration and fair competition, and urged the EU to comply with WTO rules and refrain from protectionist interventions.