From Europe additional duties of up to 38.1% on three Chinese electric car brands, 21% on the others
The individual duties that the European Commission intends to apply to the three Chinese producers in the sample will be 17.4% for BYD, 20% for Geely and 38.1% for SAIC
by Beda Romano
2' min read
2' min read
FROM OUR INQUIRER, BARI - After a nine-month investigation, the European Commission has taken note of unfair competition on the European market from Chinese electric car manufacturers. The EU executive has therefore proposed imposing additional duties of up to 38% on vehicles imported into the EU. The unfair competition actually translates into government subsidies for these manufacturers, who are able to sell in Europe below the production price.
"The European Commission," reads a statement published today, Wednesday 12 June, "has informed interested parties of the level of provisional countervailing duties it intends to impose on imports of electric cars from China (...) The individual duties that the European Commission intends to apply to the three Chinese producers in the sample will be 17.4% for BYD, 20% for Geely and 38.1% for SAIC.
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"The other Chinese electric car producers, who cooperated in the investigation but were not included in the sample, will be subject to the following weighted average duty of 21%," the EU executive specified. "In parallel, the European Commission has contacted the Chinese authorities to discuss these findings and possible ways to resolve the issue."
The compromise: a forkful of duties
.As mentioned, the decision comes after a long investigation by the European Commission. The measure, a range of duties, is a compromise between different European sensitivities. In recent months France insisted strongly that the EU introduce generous tariffs. Germany was of a different opinion, worried about provoking tensions with the Chinese government. Industry analysts expect retaliation from Beijing.
The European choice comes after the United States also imposed tariffs on Chinese electric cars in recent weeks, by as much as 100 per cent. Chinese manufacturers are flooding Western markets with cheap, good-quality cars, seriously undermining European and American attempts to create their own supply chain in this sector in order to achieve ambitious climate targets. From 2035, sales of petrol- and diesel-powered cars in Europe will be stopped.
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