The European Union EU has decided to implement tariffs on makers of battery electric vehicles BEV in China. The exact tariff depends on the make of car and will come on top of the existing 10% duties for exports into the EU.
The European Commission EC said the tariffs would be 17.4% for BYD, 20% for Geely and 38.1% for Chinese state-owned SAIC Motor. Foreign fims that make vehicles in China are also not immune from the tariffs. Tesla, which makes cars in China “may receive an individually calculated rate”.
The bloc, which notified carmakers on June 12, will increase the tax on imports...
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