EU imposes additional tariffs 21+10% on Nio and Xpeng

$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ The article reported that all Chinese EV brands are subjected to additional tariffs combined with 10% import duty.

1) Additional imported duty to 3 sampled Chinese EV brands:

>BYD: 17.4% (27.4%)
>Geely: 20% (30%)
>SAIC: 38.1% (48.1%)
2) Additional imported duty of 21% (31% tariffs in total) to Chinese EV brands that cooperated in the investigation but not sampled:

Aiways, BMW Brilliance, Changan, Chery, Dongfeng, FAW, Great Wall Motor (GWM), JAC, Leapmotor, Nio, and Xpeng.

The following Chinese EV brands import to EU are also affected by the new tariffs:

MG (SAIC)
Smart (Geely)
Polestar (Geely)
Ora (GWM)
BYD
Nio
Lotus (Geely)
LEVC (Geely)
Maxus (SAIC)
Aiways
Lynk&Co (Geely)
Dongfeng
Voyah (Dongfeng)
Changan
Xpeng (backed by Volkswagen)
Zeekr (Geely)
My Take: EV brands made in the EU countries like BMW, VW, Mercedes and Tesla Model Y (made in Germany Gigafactory) which are not affected will stand to win. According to a source, the Tesla Model 3 (made in China) may soon be subject to specially calculated duties (much lower than 21%) when imported into Europe.

A spokesperson for the European Commission, Olof Gill, confirmed that Tesla has requested an individual examination to potentially lower its tariff rate. “Following a substantiated request, Tesla may receive an individually calculated duty rate at the definitive stage,” the Commission noted in a press release.

Do read the content of the article (not just the headline)