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The European Commission is cutting the proposed tariff on the U. S. automaker’s electric vehicles imported from China to 9%, less than that of its Chinese peers.
By Melissa Eddy and Jenny Gross
Melissa Eddy covers the automotive industry in Europe and reports from Berlin. Jenny Gross covers the European Commission and reports from Brussels.
The European Union is proposing to impose additional tariffs of 9% on Tesla cars imported from China, while other automakers face rates of up to 36. 3%, as part of efforts to protect European manufacturers from unfair competition.
The updated price lists, announced on Tuesday in Brussels, would constitute a significant boost for large corporations making electric cars in China and aim to improve the situation for Chinese electric car makers, many of which benefit from subsidies from Beijing. The final price lists will be added to the 10% already charged for electric cars produced in China.
The European Union opened an investigation into Chinese automakers in October. Officials said they reduced Tesla’s tax rate from the proposed 21% because the company did not benefit from the same Chinese government subsidies as major Chinese automakers. Tesla did not respond to a request for comment.
The Chinese automakers’ price lists, which would take effect for five years, all fell from an initial proposal in June, ranging from 17% for China’s largest electric vehicle producer, BYD, to 36%. . 3% for SAIC Motor, the state company. MG engine manufacturer. Geely Auto, the parent company of Volvo Car, faces a 19. 3 percent rate.
Companies that cooperated with the investigation, including German automakers BMW, Mercedes and Volkswagen, face price lists of 21. 3% on cars they produce in China. Unlike Tesla, which has its own independent production in Shanghai, German automakers participate in joint ventures with Chinese automakers. Since Volkswagen also has an entity with SAIC, some of its cars will be subject to the highest price lists.
Compared to the 100% price lists imposed by the Biden leadership on Chinese electric cars in May, the European proposals reflect what experts see as a preference for the industry with China, while protecting domestic production . Since the first price lists were announced, several Chinese automakers have announced plans to move production to Europe.
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