EU to hit Chinese electric vehicles with extra tariffs of up to 38%

BRUSSELS – The European Commission told automakers on June 12 that it would impose extra duties of up to 38.1 per cent on imported Chinese electric cars from July, in a move that China called protectionist but its car industry dismissed as one without a major impact.

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals. Shares in some of Europe’s biggest carmakers, which make a big portion of their sales in China, fell on fears of Chinese retaliation. Some like BMW will also now incur duties on their EVs made in China and sold in Europe.

In response to the latest move, Chinese Foreign Ministry spokesman Lin Jian said: “This anti-subsidy investigation is a typical case of protectionism.” “Those exporting China-made EVs that include Tesla, Geely and BYD still have huge potential for development in Europe in the future,” Mr Cui said. Western producers such as Tesla and BMW that export cars from China to Europe were considered cooperating companies.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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ذریعہ: ChannelNewsAsia - 🏆 6. / 66 مزید پڑھ »

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