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EU Imposes Higher Tariffs on Chinese EVs, Increasing up to 38%
06 Jul 2024 | Abstracted from Tech Times
...unfair subsidies benefit the entire battery electric vehicle (BEV) value chain in China, which poses a significant threat to EU BEV producers...The tariffs are set at varying rates for different Chinese producers. BYD faces a duty of 17.4%, Geely 19.9%, and SAIC 37.6% [whose MG brand is pictured]
"These provisional duties will take effect from July 5, 2024, for up to four months. During this period, EU Member States must vote to reach a final decision on definitive duties."
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