Posted on 22 Aug 2024
The Chinese government on Wednesday reacted to the European Commission’s draft definitive countervailing tariffs on BEV saying it will take “all necessary measures” to defend Chinese companies.
A spokesperson of China’s commerce ministry said the final ruling disclosed by the EU on Tuesday did not fully absorb China’s opinions despite over ten rounds of technical consultations. The rates discriminate against Chinese companies and treat them differently depending on their type such as state-owned or private firms, he suggests.
Per the EC’s disclosure, BYD BEV imports will face an additional tariff of 17%, Geely 19.3% and SAIC 36.3%. All these rates are on top of the existing 10% duty.
“The final ruling was based on the ‘facts’ unilaterally determined by the EU, rather than the facts recognised by both sides. China firmly opposes this and is highly concerned,” the spokesperson adds.
In a statement seen by Kallanish Power Materials, the China Association of Automobile Manufacturers (CAAM) expressed strong dissatisfaction and firm opposition on behalf of China’s auto industry.
“The imposition of high countervailing duties on Chinese electric vehicles has brought great risks and uncertainties to Chinese companies operating in and investing in Europe,” CAAM adds.
Source:Kallanish Power Materials
