On [date], Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, met with Uwe Fröhlich, Member of the Board of Porsche AG.

Ling Ji said that recently, despite the joint appeals from the European and Chinese industrial sectors, the European Commission made a final ruling on the anti-subsidy investigation against Chinese electric vehicles, and the Chinese side does not agree with and accept the ruling. In fact, there is a broad cooperation prospect between the automotive industries of China and Europe. It is hoped that Porsche will remain confident in its investment in China, strengthen cooperation with Chinese enterprises in the fields of electric and intelligent development of the automotive industry, and provide Chinese consumers with more high-quality products and services.

Fu Lunke stated that Porsche views China as one of its most important global markets and maintains long-term close cooperation with Chinese enterprises. Born on the racetrack and enjoying competition, Porsche firmly supports free trade and open markets, opposes the EU's imposition of tariffs on Chinese electric vehicles, and is willing to continuously expand investment in China, deepen innovation cooperation in China, and jointly maintain the stability of the global automotive industry supply chain.