The China Association of Automobile Manufacturers (CAAM) expressed concern that the European Union's high countervailing duties on Chinese electric vehicles pose significant risks and uncertainties for Chinese companies operating and investing in Europe. They argue this will damage confidence and negatively impact the EU's automotive industry, local employment, and green development. CAAM urges the EU to prioritize dialogue and cooperation to ensure a fair, non-discriminatory market environment and safeguard the global automotive supply chain.