EU Imposes Additional Duties on Chinese Electric Vehicles

The European Commission announced additional duties of up to 36.3% on imported electric vehicles made in China. The anti-subsidy investigation led to varied tariff rates for different companies, with SAIC Group facing the highest duty and Tesla receiving an individually calculated rate.

The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China, as it issued draft definitive findings of its anti-subsidy investigation.

Here is a breakdown of the provisional tariffs by company: BYD: 17%. Includes BYD Auto Co Ltd, BYD Auto Industry Co Ltd, Changsha BYD Auto Co Ltd, Changsha Xingchao Auto Co Ltd, Changzhou BYD Auto Co Ltd, Fuzhou BYD Industrial Co Ltd, Hefei BYD Auto Co Ltd, Jinan BYD Auto Co Ltd.

Geely: 19.3%. Includes Asia Euro Automobile Manufacture (Taizhou) Co Ltd, Chongqing Lifan Passenger Vehicle Co Ltd, Fengsheng Automobile (Jiangsu) Co Ltd, Shanxi New Energy Automobile Industry Co Ltd, Zhejiang Geely Automobile Co Ltd, Zhejiang Haoqing Automobile Manufacturing Co Ltd.

SAIC Group: 36.3%. Includes SAIC MAXUS Automotive Co Ltd, SAIC Motor Corp Ltd, Nanjing Automobile (Group) Corp, SAIC Volkswagen Automotive Co Ltd, SAIC GM Wuling Automobile Co Ltd, SAIC General Motors Co Ltd.

Other companies the Commission said cooperated: 21.3%. Include Aiways Automobile Co Ltd, Anhui Jianghuai Automobile Group Corp Ltd, BMW Brilliance Automotive Ltd, Chery Automobile Co Ltd, China FAW Corp Ltd, Chongqing Changan Automobile Co Ltd, Dongfeng Motor Group Co Ltd, Great Wall Motor Co Ltd, Leapmotor Automobile Co Ltd, Nanjing Golden Dragon Bus Co Ltd, NIO Holding Co Ltd, XPeng Inc, Volkswagen.

Tesla (Shanghai) Co Ltd*: 9%. All other companies: 36.3%. *On Aug. 20, the EU set an individually calculated duty rate for Tesla after a request from the U.S. EV maker. It had previously been designated as a cooperating company with a 20.8% tariff. Source: European Commission and Reuters reporting on VW (Compiled by Josephine Mason; Editing by Barbara Lewis and Emelia Sithole-Matarise)

(With inputs from agencies.)