Caixin Explains: How the EU’s New Tariff Hikes Will Affect China-Made EVs
The bloc formally notified carmakers including BYD, Geely Auto and SAIC Motor that they will be subject to additional duties of up to 38.1% from July 4
The European Union has decided to provisionally impose extra tariffs of up to 38.1% on battery-electric vehicles shipped from China as part of an ongoing investigation finding that state subsidies are enabling Chinese electric-car makers to undercut their EU rivals, despite divisions in Europe over the issue.
The bloc formally notified carmakers including BYD Co. Ltd., Geely Automobile Holdings Ltd. and SAIC Motor Corp. Ltd. of the new duties to be implemented from July 4, the European Commission said in a statement Wednesday.
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