EU to Impose Additional Tariffs on EV Imports From China
The Xiaomi-made Mi Car is both relatively affordable and increasingly popular in mainland China, but how do the company’s and other Chinese EV-maker’s export plans look in the post-tariff environment? (Photo: Chris Anthony/Tyre Industry Publications Ltd)
The European Union is planning to impose additional import tariffs of up to 38.1 per cent on Chinese-produced electric vehicles (EV) effective July 2024. Leading Chinese EV-makers BYD Co., Geely Automotive Holdings Ltd. and SAIC Motor Corp Ltd cooperated with the investigation and so received bespoke rates. Specifically, BYD imports will be charged 17.4 per cent, Geely 20 per cent and SAIC 38.1 per cent. All others will be charged 38.1 per cent.
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