EU Tariffs on Chinese EV Tesla China EVs apply for lower Import Duty (less than 21%)
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ 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)
Related article:
Turkey to Impose Additional 40% Tariff on All China Vehicles BYD, Nio, Xpeng etc
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)
Related article:
Turkey to Impose Additional 40% Tariff on All China Vehicles BYD, Nio, Xpeng etc
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Source:
1. Tesla Requests Lower EU Tariffs on China-Made EVs - DriveTeslaCanada
2. EU imposes additional tariffs on Chinese EVs: BYD 17.4%, Geely 20%, SAIC 38.1% - CarNewsChina
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
1. Tesla Requests Lower EU Tariffs on China-Made EVs - DriveTeslaCanada
2. EU imposes additional tariffs on Chinese EVs: BYD 17.4%, Geely 20%, SAIC 38.1% - CarNewsChina
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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