As previously announced, the European Commission's investigation found that the BEV value chain in China benefits from unfair subsidisation which threatens to cause economic injury to EU producers of BEVs. As a result, the duties will enter into force on the day following their publication in the Official Journal.
According to an official website of the European Union, the EU and China continue to work in parallel to find alternative WTO compatible solutions that would effectively address the problems identified in the investigation. The Commission also remains open to negotiating price undertakings with individual exporters, as allowed under EU and WTO rules.
As from the entry into force of the measures, sampled Chinese exporting producers will be subject to the following countervailing duties:
- BYD: 17.0%
- Geely: 18.8%
- SAIC: 35.3%
Other cooperating companies will be subject to a duty of 20.7%. Following a substantiated request for an individual examination, Tesla will be assigned a duty of 7.8%. All other non-cooperating companies will have a duty of 35.3%.
Definitive duties will be collected as of entry into force. The provisional duties imposed on imports of BEVs from China on 4 July 2024 will not be collected.
The measures will expire at the end of the 5-year period unless an expiry review is initiated before that date.
As a reminder, the investigation was announced by the President of the European Commission, Ursula von der Leyen, during her State of the European Union (SOTEU) speech on 13 September. This decision was based on growing evidence of a recent and rapid increase in low-priced exports of electric vehicles from China to the EU.
Source: ec.europa.eu