EU Begins CV Duty Requirements for Chinese EVs
The European Union is setting preliminary countervailing duties on Chinese electric vehicles beginning on July 5, as expected (see 2406120008), the European Commission said. The rates are slightly lower than rates announced in early June, prior to negotiations between Chinese…
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and EU officials that will still continue despite the imposition of CV duties. Revised CVD rates are 17.4% for BYD, 19.9% for Geely, 37.6% for SAIC, 20.8% for Chinese companies that cooperated but weren't individually investigated, and 37.6% for non-cooperating companies. Tesla, at its request, may receive its own individual rate in the EU's final determination, the European Commission said.