The European Union has unveiled a draft tariff on Chinese-made electric vehicles
On August 20, the European Commission disclosed a draft decision on the imposition of final countervailing duties on pure electric vehicles imported from China, a small adjustment of the tax rate compared with the preliminary ruling published on July 4.
The EU plans to impose additional tariffs of 9 percent to 36.3 percent on electric vehicles made in China, adding to the 10 percent tariff already imposed by the EU on all imported electric vehicles, and the actual tariffs faced by Chinese electric vehicles exported to the EU will be between 19 percent and 46.3 percent. Among them, Tesla was the lowest at 19 percent, BYD at 27 percent, Geely at 29.3 percent and SAIC at 46.3 percent.
The European Commission website provides an explanation of the separate tariff rates enjoyed by Tesla, Tesla submitted a well-founded "separate review" request to determine its tariff level based on the specific subsidies it received, and the European Commission verified this information during the verification visit in China.
It is a different story for Chinese carmakers. In the three versions of the tariff plan given by the European Commission, although the tariff rate of Chinese car companies has been reduced, the reduction is very small, the maximum reduction is not more than 2%.
From this point of view, SAIC has been imposed a tariff of up to 36.3%, ranking the highest of all car companies. "Saic failed to provide the missing information and argued that this was due to the large number of associated companies in the group," the commission wrote in its official disclosure.
Analysts point to a key reason for the EU's top-tier tariffs: SAIC is the largest Chinese car exporter to Europe, sparking protectionist sentiment in the region. Saic has seen rapid sales growth in Europe in recent years. In 2023, SAIC launched the first global MG MG4 EV to become China's new energy vehicle sales crown, and to Europe as the main export destination, the year's local sales exceeded the 100,000 mark.
In this regard, the spokesperson of the Ministry of Commerce said: China has repeatedly pointed out that the pre-set conclusion of the EU anti-subsidy investigation into China's electric vehicles, and the practices in all aspects of the investigation are contrary to the principles of "objectivity, fairness, non-discrimination and transparency" promised by the EU, and are not in line with WTO rules, and are "unfair competition" in the name of "fair competition".
The EU plans to impose additional tariffs of 9 percent to 36.3 percent on electric vehicles made in China, adding to the 10 percent tariff already imposed by the EU on all imported electric vehicles, and the actual tariffs faced by Chinese electric vehicles exported to the EU will be between 19 percent and 46.3 percent. Among them, Tesla was the lowest at 19 percent, BYD at 27 percent, Geely at 29.3 percent and SAIC at 46.3 percent.
The European Commission website provides an explanation of the separate tariff rates enjoyed by Tesla, Tesla submitted a well-founded "separate review" request to determine its tariff level based on the specific subsidies it received, and the European Commission verified this information during the verification visit in China.
It is a different story for Chinese carmakers. In the three versions of the tariff plan given by the European Commission, although the tariff rate of Chinese car companies has been reduced, the reduction is very small, the maximum reduction is not more than 2%.
From this point of view, SAIC has been imposed a tariff of up to 36.3%, ranking the highest of all car companies. "Saic failed to provide the missing information and argued that this was due to the large number of associated companies in the group," the commission wrote in its official disclosure.
Analysts point to a key reason for the EU's top-tier tariffs: SAIC is the largest Chinese car exporter to Europe, sparking protectionist sentiment in the region. Saic has seen rapid sales growth in Europe in recent years. In 2023, SAIC launched the first global MG MG4 EV to become China's new energy vehicle sales crown, and to Europe as the main export destination, the year's local sales exceeded the 100,000 mark.
In this regard, the spokesperson of the Ministry of Commerce said: China has repeatedly pointed out that the pre-set conclusion of the EU anti-subsidy investigation into China's electric vehicles, and the practices in all aspects of the investigation are contrary to the principles of "objectivity, fairness, non-discrimination and transparency" promised by the EU, and are not in line with WTO rules, and are "unfair competition" in the name of "fair competition".
