European Union announces larger tariffs of up to 38% on Chinese EVs

European Union announces larger tariffs of up to 38% on Chinese EVs


Employees get the job done on the assembly line of new power autos at a manufacturing facility of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China.

Shi Kuanbing | Visible China Group | Getty Visuals

The European Union on Wednesday reported it would slap increased tariffs on Chinese electrical car imports, which it uncovered advantage “seriously from unfair subsidies” and pose a “threat of economic personal injury” to EU EV producers.

In a assertion, the EU stated it is imposing a 38.1% tariff on battery electrical vehicle (BEV) producers who did not cooperate with its investigation, and a reduced 21% obligation on carmakers in the Asian country who complied but have not been “sampled.”

Major Chinese BEV producer BYD was struck with a 17.4% tarrif, with Geely slapped with a 20% obligation. The EU has also imposed its 38.1% tariff on SAIC.

All a few producers had been sampled in the EU probe.

This breaking information story is remaining current.



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