Why the EU is imposing maximum tariffs of 36.7 on Chinese EVs
Get the Full StoryThe EU today confirmed huge new tariffs for EVs imported from China. From Friday, provisional charges of between 17.4 and 37.6 will be imposed on the vehicles. The lowest level will apply to BYD, an automaker based in Shenzhen. Geely, which owns Volvo, Polestar, and Lotus, faces duties of 19.9 . SAIC, a Chinese state-owned carmaker, will receive the maximum 37.6 . Other companies will be subject to new tariffs of 20.8 , the weighted average. These fees will come on top of a 10 duty that was already in place. As a result, prices of EVs in Europe could increase. Beijing may This story continues at The Next WebShare: