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The European Union's industrial policy for lithium batteries, photovoltaic products and electric vehicles under the guise of green transition may jeopardize global development, according to a blue book issued on Saturday. The policy may threaten the stability of the global industrial supply chain, intensify the global subsidy race and impede the efficient use of global resources, the document unveiled. ▲ New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, Oct 24, 2024. Photo/Agencies The blue book, titled "The EU's Industrial Subsidy Policy for Lithium Batteries, Photovoltaic Products and Electric Vehicles in the Name of Green Transition", was released by the WTO Law Research Society of China Law Society and the Center for WTO Legal Studies of China University of Political Science and Law. EU's related policy may undermine the development of similar industries in other countries and harm its own interests, the blue book said. It
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