Written by Cláudio Afonso | LinkedIn | X
As the provisional tariffs from the European Commission start to impact sales, EV makers are hiking — or admitting that they will hike — prices of its China-made electric vehicles.
Earlier this week, Tesla hiked Model 3 prices across Europe by about $1,600 manufacturers evaluate options to speed up their plans of producing electric vehicles in the Europe.
MG, which is owned by the Chinese group SAIC, will face a potent 37.6 percent tariff and has hinted last week that it might increase the prices at a later stage. Geely will face duties of 19.9 percent while the giant BYD will face 17.4 percent.
XPeng, which will start delivering two new models over the next 6 months, said it would maintain the prices in its European markets while the Shanghai-headquartered Nio admitted that it can raise them in the future despite keeping them stable now.
According to a report from the Italian media outlet “Il Sole 24 Ore,” the government is considering to revive two car brands from the last millennium owned by Stellantis — Innocenti and Autobianchi — making them available for Chinese EV manufacturers.
The newspaper highlighted that this move would be facilitated by a law passed in December and a draft implementing decree currently under review by the Court of Auditors.
This legislation allows the government to appropriate brands unused for at least five years and reassign them to companies, including foreign firms, willing to invest in or relocate manufacturing activities to Italy, according to “Il Sore 24 Ore”.
Germany’s auto association VDA has recently strongly urged the European Commission to reconsider the tariffs.
In a statement, the association argued that the tariffs would adversely affect both European and U.S. carmakers exporting from China.
VDA warned of potential retaliatory measures by China, which could significantly impact the German automotive industry due to its substantial export volume to China.
Written by Cláudio Afonso | LinkedIn | X
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