ChemDraw’s Post

On October 29, the European Commission announced definitive countervailing duties on imports of battery electric vehicles (BEVs) from China. This decision, following an anti-subsidy investigation, will see duties applied for five years to address unfair subsidies benefiting Chinese BEV producers, which pose economic risks to EU manufacturers. Key Highlights: - Duties on Chinese BEVs: The Commission set countervailing duties on key Chinese producers, with rates as follows: - BYD: 17.0% - Geely: 18.8% - SAIC: 35.3% - Other cooperating companies: 20.7% - Tesla (following individual examination): 7.8% - Non-cooperating companies: 35.3% - Negotiations on Price Undertakings: The EU remains open to WTO-compatible discussions with Chinese producers and may negotiate price undertakings as an alternative to duties. - Monitoring and Reviews: The Commission will oversee duty effectiveness and provide exporters the option of an accelerated review for individual duty rates. Importers can also request a refund if they can demonstrate the lack of subsidy support. The measures aim to maintain fair competition in the EU’s electric vehicle market while securing a balanced approach to trade relations with China. For more updates on international trade and EU regulatory actions, follow Global Regulatory Insights. #EUTrade #ElectricVehicles #CountervailingDuties #China #SustainableTransport #GRI

The European Union has imposed temporary import duties on battery electric vehicles (BEVs) from China. This action follows in response to alleged unfair subsidies received by Chinese BEV producers, creating unfair competition for European manufacturers. 🔌 Read more in our article ➡️ https://lnkd.in/eKNpqw9q #ElectricVehicles #BatteryElectricVehicles #BEV #ImportDuties #China

EU imposes duties on unfairly subsidised electric vehicles from China The European Commission (EC) announced on Tuesday the introduction of "definitive countervailing duties" of up to 35.3% on imports of battery electric vehicles (BEVs) from China for a period of five years. As from the entry into force of the measures, sampled Chinese exporting producers will be subject to the following countervailing duties: BYD: 17.0% Geely: 18.8% SAIC: 35.3% Other cooperating companies will be subject to a duty of 20.7%. Following a substantiated request for an individual examination, Tesla will be assigned a duty of 7.8%. All other non-cooperating companies will have a duty of 35.3%. As previously disclosed, the European Commission investigation found that the BEV value chain in China benefits from unfair subsidization which is causing threat of economic injury to EU producers of BEVs. As a result, the duties will enter into force on the day following publication in the Official Journal. https://lnkd.in/dGht3CAb

In short, much steeper duties of around 45%, or even 55% for fiercely competitive producers like BYD, would probably be necessary in order to render exports to the European market unappealing on commercial grounds. Rhodium Group Gregor Sebastian Noah Barkin Agatha Kratz BYD BYD EUROPE GEELY Saic Motor Co., Ltd. Tesla Volkswagen BMW Group Mercedes-Benz AG #china #automotive #oems #evs #tradetariffs #tradeduties #duties #germanmarket #euduties #globaltrade

The European Commission has imposed definitive countervailing duties on battery electric vehicles (BEVs) imported from 🇨🇳 These duties will be in place for 5⃣ years. This follows an investigation launched on 4 October 2023, which revealed that unfairly subsidised imports threatened EU producers. The duties are meant to re-establish a level playing field. Discussions with China continue to seek a fair, WTO-compatible, effective and enforceable solution. #TradeDeal

In talks with both BYD and Chinese state-owned 奇瑞汽车 Chery Automobile Co.,Ltd. , the Turkish government could provide Chinese #oems and #batterymanufacturers another avenue into the European market. #electricvehicles and batteries produced in either Hungary (#BYD and #catl) or Turkey (#farasis) would not be subject to the import tariffs the European Commission is likely to to impose at the end of its investigation. How is your company managing China’s entry into your market? #automotiveindustry #ev #automobilindustrie #china #oemsupplier #battery #forecasting #autoforecastsolutions Turkey Holds ‘Advanced’ Talks With BYD, Chery for EV Plants https://lnkd.in/eCmfAdT3

The European Commission has imposed definitive countervailing duties on battery electric vehicles (BEVs) imported from 🇨🇳 These duties will be in place for 5⃣ years. This follows an investigation launched on 4 October 2023, which revealed that unfairly subsidised imports threatened EU producers. The duties are meant to re-establish a level playing field. Discussions with China continue to seek a fair, WTO-compatible, effective and enforceable solution. #TradeDeal

The European Commission is to move forward with proposed plans to impose #tariffs of nearly 40% in some cases to China-manufactured battery electric #vehicles (#BEVs), citing a level of state subsidy it terms as “unfair”. “Based on the investigation, the Commission has concluded that the BEV value chain in #China benefits from unfair #subsidisation, which is causing a threat of economic injury to #EU BEV producers,” the European Commission said in a statement. The German Association of the Automotive Industry (VDA) on Wednesday issued fresh public criticism for the plans, claiming that the tariffs will slow the growth of the #electromobility sector and slow carbon reduction target progress. Read more here: https://lnkd.in/dJ2m4zC3 #ICIS #automotive #evs

The European Commission has imposed definitive countervailing duties on battery electric vehicles (BEVs) imported from 🇨🇳 These duties will be in place for 5⃣ years. This follows an investigation launched on 4 October 2023, which revealed that unfairly subsidised imports threatened EU producers. The duties are meant to re-establish a level playing field. Discussions with China continue to seek a fair, WTO-compatible, effective and enforceable solution. #TradeDeal