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China-based EV makers hit with European Union tariffs

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Published : 2 months ago, on

 

LONDON (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation.

Here is a breakdown of the provisional tariffs by company:

BYD: 17%

Includes:

BYD Auto Co Ltd

BYD Auto Industry Co Ltd

Changsha BYD Auto Co Ltd

Changsha Xingchao Auto Co Ltd

Changzhou BYD Auto Co Ltd

Fuzhou BYD Industrial Co Ltd

Hefei BYD Auto Co Ltd

Jinan BYD Auto Co Ltd

Geely: 19.3%

Includes:

Asia Euro Automobile Manufacture (Taizhou) Co Ltd

Chongqing Lifan Passenger Vehicle Co Ltd

Fengsheng Automobile (Jiangsu) Co Ltd

Shanxi New Energy Automobile Industry Co Ltd

Zhejiang Geely Automobile Co Ltd

Zhejiang Haoqing Automobile Manufacturing Co Ltd

SAIC Group: 36.3%

Includes:

SAIC MAXUS Automotive Co Ltd

SAIC Motor Corp Ltd

Nanjing Automobile (Group) Corp

SAIC Volkswagen Automotive Co Ltd

SAIC GM Wuling Automobile Co Ltd

SAIC General Motors Co Ltd

Other companies the Commission said cooperated: 21.3%

Include:

Aiways Automobile Co Ltd

Anhui Jianghuai Automobile Group Corp Ltd

BMW Brilliance Automotive Ltd

Chery Automobile Co Ltd

China FAW Corp Ltd

Chongqing Changan Automobile Co Ltd

Dongfeng Motor Group Co Ltd

Great Wall Motor Co Ltd

Leapmotor Automobile Co Ltd

Nanjing Golden Dragon Bus Co Ltd

NIO Holding Co Ltd

XPeng Inc

Volkswagen

Tesla (Shanghai) Co Ltd*: 9%

All other companies: 36.3%

* On Aug. 20, the EU set an individually calculated duty rate for Tesla after a request from the U.S. EV maker. It had previously been designated as a cooperating company with a 20.8% tariff.

Source: European Commission and Reuters reporting on VW

(Compiled by Josephine Mason; Editing by Barbara Lewis and Emelia Sithole-Matarise)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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