between China and the European Union electric cars His blood pressure is increasing. Both parties have taken tough decisions in recent months and increased regulations on foreign brands. This comes after Chinese brands in particular have made significant progress in electric cars.
Will Europe impose additional tariffs on Chinese cars?
The European Union launched an investigation last October, alleging that Chinese automakers benefited from unfair subsidies. If in March electric imported from china of vehicles began to tighten customs registration.
Automobile imports from China to the EU have increased in recent years. Accordingly, it was reported that Chinese brands sold more than 350 thousand electric vehicles last year. As part of the investigation process, the EU said it will announce in July whether it will impose temporary customs duties on electric vehicles originating from China.
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The final decision on Chinese models is expected to be made in late 2024. Although possible tariffs on these cars remain unclear, China’s fast-growing electric vehicles have begun to pose a threat in the EU market.
European countries want to increase domestic production in recent years. In this context BYD, SAIC and Geely Companies such as are establishing factories in EU countries such as Hungary to produce vehicles in Europe. battery suppliers CATL And SUDAL It builds facilities in Germany and Spain.
However, it will take time to completely move production to the EU. The Chinese government warns that additional customs duties will harm bilateral cooperation and go against Europe’s interests. Manufacturers such as BMW and Volkswagen that source parts from China may also be affected.