NEW EU ANTI-SUBSIDY TARIFFS MIGHT PUSH CHINA AUTOMAKERS TO RELOCATE PRODUCTION IN EUROPE
June 22nd, 2024
European Union (EU) tariffs of up to 38.1% on China-built BEVs effective July 5 (2024), likely will not stall progression of Chinese automakers onto Europe’s markets but could steer them towards producing or assembling cars in the bloc, say auto industry experts.
The EU’s executive, the European Commission, unveiled the provisional countervailing duties on Chinese-built cars June 12 after an investigation, launched October 4 (2023), confirmed unfair subsidies. “The whole BEV supply chain is subsidized” from raw materials through transport to EU harbors, ...
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