SAIC Motor, Geely deny breaking 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 underscores 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: Sought Levies Saic State-owned Separate Import Biggest Carmaker Collective China’s European

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:35:07 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 40 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23427326

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