Storyline China, EU agree on price undertaking guidance for Chinese EVs China’s Ministry of Commerce says the two sides reached a consensus after several rounds of talks. The guidance document will establish common standards and calculation benchmarks, giving Chinese electric vehicle, or EV, exporters the option to request price undertakings rather than face anti-subsidy duties. Chen Huiqing, Director, Legal Department, China Chamber of Commerce for Import & Export of Machinery and Electronic Products: "For companies, reaching a price commitment means profits stay with the firm, instead of being taken away as EU anti-subsidy tariffs." The guidance document provides calculation methods and benchmarks – a framework rather than a one-size-fits-all rule. Companies can decide how to apply it based on their actual cost structures and negotiate price commitments with the European Commission. The price-undertaking option has been a key focus of China-EU talks. Industry representatives say reaching consensus on such a mechanism for a complex product like EVs was far from easy. Chen Huiqing, Director, Legal Department, China Chamber of Commerce for Import & Export of Machinery and Electronic Products: "After multiple rounds of talks, China and the EU have reached a positive, ‘soft-landing’ outcome that helps stabilize industrial and supply chains and supports broader China–EU trade and the global trade order." Analysts say the arrangement gives firms flexibility, while sending a broader signal that China and the EU are capable of resolving trade disputes through consultation rather than confrontation. [Restrictions: No access Chinese mainland]