China-built EVs hit with duties in biggest EU trade case yet

A drone view shows BYD electric vehicles before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export on Apr 25, 2024. BRUSSELS: The European Union will impose tariffs of up to 37.6 per cent from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet.

"Those talks with China are ongoing and indeed should a mutually beneficial solution emerge, we can also find ways not to apply at the end of the day the tariffs," Dombrovskis said. BYD faces duties of 17.4 per cent, Geely 19.9 per cent and SAIC 37.6 per cent, the EU said on Thursday. These are on top of the EU's standard 10 per cent duty on car imports.

Chinese brands MG and Nio suggested on Thursday they might raise prices in Europe later this year. Tesla said last month it planned to increase the prices of its Model 3.

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