EU Imposes Provisional Duties Of As Much As 37.6% On Chinese EV Imports

Quick Summary:

The European Commission on Thursday imposed additional tariffs of up to 37.6% on EV imports from China over concerns that cheaper EVs from China which benefit from state subsidies will push domestic players out of the market.

What Happened: The commission has imposed provisional duties of 17.4% on BYD EV imports, 19.9% on Geely, and 37.6% on EVs from SAIC.

The tariffs are on top of the 10% duty levied on all EV imports from China.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: EVs Mobility Electric vehicles Global Tech Benzinga News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 13:38:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21481735

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Official Website: benzinga.com

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