Reported 12 months ago
The European Union is set to implement temporary tariffs on electric cars from mainland China starting July 4, following disputes. Recent updates indicate that the EU Commission plans to adjust the tariff rates imposed on Chinese electric cars based on new information, with the highest rate decreasing slightly from 38.1% to 37.6%. This move has sparked strong opposition from China and the electric vehicle industry, with the EU seeking to balance market competition. Automakers like SAIC, Geely, and BYD will see their tariffs adjusted accordingly. The EU's decision also impacts Tesla, which manufactures electric cars in Shanghai for export to Europe.
Source: YAHOO