EU Commission: EV value chains in China benefit from unfair subsidies

by kmfrkon 6/12/24, 9:57 AMwith 6 comments
by kmfrkon 6/12/24, 9:58 AM

Tariff summary:

* BYD: 17,4%

* Geely: 20%

* SAIC: 38,1%

"Other BEV producers in China, which cooperated in the investigation but have not been sampled, would be subject to the following weighted average duty: 21%.

All other BEV producers in China which did not cooperate in the investigation would be subject to the following residual duty: 38,1%."

by gbilon 6/12/24, 10:15 AM

I would also like that the EU at the same time runs an investigation on the EU based automotive companies and their tactics because in the last 5 years we've seen extreme price increases (25%+) on car prices. Anything else is one sided with the consumer taking the burden.

by JojoFatsanion 6/12/24, 11:15 AM

What makes one subsidy fair and another unfair?