CAAM Opposes EU Tariffs on Chinese EVs

The China Association of Automobile Manufacturers (CAAM) expressed strong opposition to the European Union’s revised draft imposing punitive tariffs on Chinese-made electric vehicles. The CAAM highlighted potential risks to Sino-EU operations and investments, as well as adverse effects on the EU automotive industry and local employment.

The China Association of Automobile Manufacturers (CAAM) has voiced firm opposition to the European Union's revised draft on punitive tariffs for Chinese-made electric vehicles, as reported by Chinese state broadcaster CCTV on Wednesday.

The CAAM cited 'enormous risks and uncertainty' concerning China's operations and investments in the EU following the decision on tariffs. The revised tariffs stem from the European Commission's high-profile investigation into alleged subsidies for Chinese electric vehicle imports, with proposed duties of up to 36.3%, a slight reduction from the initial 37.6% planned in July.

According to the CAAM, the high tariffs have 'damaged the confidence of Chinese enterprises operating in and investing in Europe.' They also predict a 'serious adverse impact' on the development of the EU automotive industry, local employment opportunities, and the pursuit of green, sustainable development in Europe.

(With inputs from agencies.)