Written by Cláudio Afonso | LinkedIn | X
The European Commission has provisionally concluded that the battery electric vehicles (BEVs) value chain in China benefits from unfair subsidisation, threatening European competitors.
This finding emerges from an ongoing investigation that started in October last year and has significant implications for major players in the BEV market, including Tesla.
The U.S. automaker has been given the opportunity to provide evidence for a revised duty rate before the final decision.
“Following a substantiated request, one BEV producer in China – Tesla – may receive an individually calculated duty rate at the definitive stage,” the European Commission stated.
The investigation is expected to conclude in November, with definitive measures potentially being imposed within four months of the provisional duties.
Additionally, the European Commission said other companies can request an accelerated review post-imposition of definitive measures.
In a statement, the EU said earlier today it will hike tariffs to 38.10 percent on automakers who did not cooperate with the investigation that started last year and 21 percent on the Chinese electric vehicle manufacturers which have not been “sampled”.
Following this strategy, BYD will be applied a tariff of 17.4 percent while Geely and SAIC group see the tariff increasing to 20 and 38.1 percent, respectively. The manufacturers were already notified by the European Union.
Last month, the US administration announced tariffs of 25 percent on steel and aluminum, 50 percent on semiconductors, 100 percent on electric vehicles, and 50 percent on solar panels.
Written by Cláudio Afonso | LinkedIn | X
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