Reported about 1 year ago
The European Commission released a report on the Chinese electric car market, detailing the reasons and evidence for the EU imposing tariffs on Chinese electric car manufacturers. The investigation revealed lack of cooperation from the Chinese government and SAIC, resulting in a 37.6% tariff, while BYD and Geely faced lower tariffs due to some level of cooperation. The EU's decision caused tensions with Beijing, with threats of retaliation and possible WTO disputes. The report highlighted subsidies Chinese companies received and the impacts on European car manufacturers, leading to significant tariffs imposed by the EU.
Source: YAHOO