Reported 7 months ago
According to sources familiar with the matter, BMW's all-electric Mini produced in China is at risk of facing the highest EV tariff of 38.1% from the EU under provisional plans. The EU's investigation into joint ventures producing cars in China resulted in companies like BMW Brilliance Automotive benefiting from lower tariffs of 17.4%-21%, while the BMW and Great Wall Motor Co Ltd joint venture was unable to cooperate to the required extent. BMW CEO urged against the tariffs, fearing a potential trade war and counter-tariffs on German cars exported to China, with a 38.1% tariff on the Mini potentially impacting sales as the carmaker aims to meet carbon emissions targets.
Source: YAHOO