THE European Union will impose additional tariffs on electric cars from China starting next month, taking tariffs to 48 per cent, reports Bloomberg.
The bloc formally notified carmakers including BYD, Geely and MG owner SAIC of the charges on battery-electric cars due to be implemented around July 4, the European Commission said, following an investigation of subsidies that started last year.
China's EV manufacturers have been pushing more aggressively into Europe amid a domestic price war and years of building a lead in the technology.
The individual duties vary depending on the level of cooperation with the probe, the eu said, and will hit SAIC Motor Corp hardest.
The state-owned company owns the British brand MG, whose mass-market models like the MG4 are among those leading the charge into Europe. SAIC's tariffs are set to increase by 38.1 per cent on top of the existing duty of 10 per cent.
SeaNews Turkey
The bloc formally notified carmakers including BYD, Geely and MG owner SAIC of the charges on battery-electric cars due to be implemented around July 4, the European Commission said, following an investigation of subsidies that started last year.
China's EV manufacturers have been pushing more aggressively into Europe amid a domestic price war and years of building a lead in the technology.
The individual duties vary depending on the level of cooperation with the probe, the eu said, and will hit SAIC Motor Corp hardest.
The state-owned company owns the British brand MG, whose mass-market models like the MG4 are among those leading the charge into Europe. SAIC's tariffs are set to increase by 38.1 per cent on top of the existing duty of 10 per cent.
SeaNews Turkey
