Reported 8 months ago
Before Europe imposes temporary anti-subsidy tariffs on imported electric cars from mainland China, high-level officials from both countries started negotiations on June 22. Despite the impending tariffs, experts point out that Chinese new energy vehicles currently have a cost advantage over Europe ranging between 50% to 100%. Due to this significant cost advantage, even with the tariffs imposed, the impact on Chinese manufacturers is minimal. The EU's tariff plans have raised concerns not only for Chinese car companies but also for German car manufacturers with large manufacturing bases in China.
Source: YAHOO