China Auto Body opposes EU’s Draft Tariffs on Chinese EVs

The China Association of Automobile Manufacturers (CAAM) strongly opposes the European Union’s revised draft proposing punitive tariffs on Chinese-made electric vehicles.

• The China Association of Automobile Manufacturers opposes the European Union’s revised draft on punitive tariffs for Chinese-made electric vehicles, citing “enormous risks and uncertainty” for China’s operations and investment in the EU.
• The proposed punitive tariffs, with rates of up to 36.3%, have damaged the confidence of Chinese enterprises operating in and investing in Europe, and could have a serious adverse impact on the development of the EU automotive industry.
• The European Commission’s investigation into alleged subsidies for imports of Chinese-made electric vehicles has sparked tension and raised concerns about the future of Chinese EV production in the EU.

The CAAM argues that the tariffs pose significant risks and uncertainty for China’s operations and investments in the EU, damaging the confidence of Chinese enterprises in Europe. They believe that the proposed tariffs would have a serious adverse impact on the development of the EU automotive industry and hinder green and sustainable development.

Source : China auto body says EU draft on tariffs for Chinese EVs brings ‘enormous risks’ – Reuters