"The Commission concluded that the EV value chain in China benefits from unfair subsidization, which poses a risk of economic damage to EV manufacturers in the EU," stated the authority nine months after the probe was initiated.
Consultations with the Chinese government have stepped up in recent weeks following discussions between Chinese Minister of Commerce Wang Wentao and European Commissioner for Trade Valdis Dombrovskis.
Technical contacts are ongoing in an effort to find a solution that satisfies the EU's concerns and is compliant with the WTO, according to the European Commission.
The leading electric car manufacturer in China, BYD Co., will pay an additional 17.4% import charge, while Geely, SAIC Motor, and Geely will pay 19.9% and 37.6% of the levy respectively. The EU already imposed 10% tariffs on Chinese imports of electric vehicles.
Additional responsibilities will total 20.8% for other Chinese manufacturers who worked with the EC and 37.6% for those that didn't.
source: ec.europa.eu
Consultations with the Chinese government have stepped up in recent weeks following discussions between Chinese Minister of Commerce Wang Wentao and European Commissioner for Trade Valdis Dombrovskis.
Technical contacts are ongoing in an effort to find a solution that satisfies the EU's concerns and is compliant with the WTO, according to the European Commission.
The leading electric car manufacturer in China, BYD Co., will pay an additional 17.4% import charge, while Geely, SAIC Motor, and Geely will pay 19.9% and 37.6% of the levy respectively. The EU already imposed 10% tariffs on Chinese imports of electric vehicles.
Additional responsibilities will total 20.8% for other Chinese manufacturers who worked with the EC and 37.6% for those that didn't.
source: ec.europa.eu