Daniel Ren
13 Jun 2024
The additional levies will not be severe enough to shut most Chinese-made electric cars out of the market
The European Union’s proposed import tariffs on electric vehicles (EVs) will do little to keep Chinese brands at Europe’s gate, as the most innovative and cost-effective assemblers like BYD can overcome any hurdle, analysts said.
“The tariffs will only affect Chinese brands’ exports to Europe in the near term,” said Guotai Junan Securities analyst Wu Xiaofei.
That is a relief for an industry that had been awaiting the EU’s nine-month anti-subsidy investigation, which culminated this week in punitive tariffs ranging from 17.4 per cent to 38.1 per cent on pure-electric cars made on the mainland.
Continue reading on: https://www.scmp.com/business/china-business/article/3266509/eus-tariffs-may-stall-saics-exports-ev-do-little-keep-byd-bay-analysts-say