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Topic: Chinese battery-electric vehicles in the European Union
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EU threatens to hike tariffs by extra 38% on Chinese EV imports
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5 FAQs about [Battery Electric Importer Price]
Does China Import EVs from the EU?
EU imports of EVs from China are surging, but still represent a small share of EU car sales. Most imports from China originate from joint ventures of EU and Chinese manufacturers, and from Tesla, which is the largest importer. In the meantime, China is starting its own investigation into some EU exports, such as cognac 2 .
When will the EU levy a new battery electric vehicle?
The duties are subject to approval by EU countries, expected in November. The vehicles affected are new battery electric vehicles designed for the transport of nine or fewer persons.
Are Chinese electric vehicles launching a retail store in Europe?
Chinese electric vehicle makers have their sights set on Europe. Many brands from the Asian country have been opening brick-and-mortar retail stores in large European cities since at least 2022, amid their growing hold on the global EV market.
What is the product code for a new battery electric car?
Source: Bruegel based on Eurostat (ds-045409). Note: Product code for new battery electric vehicle car is 87038010. To make a historical analogy, in the 1970s and 1980s, Japanese and then Korean OEMs appeared to threaten the European automotive industry, but they became established in the EU market only over decades and after large investments.
Which reference is used to calculate a battery subsidy?
The reference used to compute the subsidy are the differences between the export and domestic prices of batteries (for SAIC and Geely) and of lithium iron phosphate (a key battery input, relevant for BYD which produces its own batteries).