EU Slaps Anti-subsidy Duties of Up to 38% on BYD, Geely and SAIC EVs

[ABS News Service/13.06.2024]

The European Commission announced on Wednesday (12.06.2024) import tariffs of up to 38% on Chinese electric vehicles, after its investigation found that producers in China benefitted from "unfair subsidies."

BYD electric cars face import duties of 17.4%, while those from Geely Holding would be subject to 20% and state-owned SAIC Motor's models would be hit with 38.1%, the EC said in a statement. Chinese-made EVs already face 10% import tariffs to Europe.