SAIC Motor, Geely deny breaking the ranks in China’s bargaining with Europe on EV tariffs

Quick Summary:

The two denials followed Monday’s statement by the Ministry of Commerce that a state-backed guild was solely authorised to engage with the EU in tariff talks.

The war-of-words underscore how the different assemblers in China’s automotive industry are scrambling to respond to the EU’s levies, as they seek to preserve a fast-growing exports market amid a brutal discount war at home.

Any separate discussions would “undermine trust” and harm the “continued efforts to resolve the issue,” the ministry said.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Saic Carmaker Import Separate Deal European Biggest China’s Assembler Levies Sought

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:35:07 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 254 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 37 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23360701

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