Mercedes-Benz, BMW and Volkswagen collectively speak out against the EU's tariffs on Chinese electric vehicles
Hawk_Finance
2024-06-14 17:07:41
2.56W
Share to:
Collect
Hot List Ranking
- Huawei's native Hongmeng OS is officially released 1 billion devices have accessed itHawk News
- “Interest rate cut storm” is coming! The Bank of Canada has announced a 50 basis point cut in interest rates!Hawk News
- Fed-heavy CME, “Fed Watch” forecastsHawk News
- Lenovo Sues ZTE Overseas, ZTE Responds: Hard to Understand but RespectfulHawk News
- Domestic arithmetic is soaring. Big news from Huawei.Hawk News
On June 12, the European Commission announced the imposition of temporary countervailing tariffs on electric vehicles imported from China, and the implementation of special tariffs on three Chinese automobile companies subject to sample surveys. Among them, BYD and Geely were levied tariffs of 17.4% and 20% respectively. SAIC Motor will be levied the highest tariff of 38.1%.
As "protected" objects by the EU, European automobile companies also immediately issued a statement opposing the EU's decision to impose tariffs. Among them, BMW Group Chairman Zipse commented on the EU's tax increase measures: "The European Commission's imposition of tariffs on Chinese electric vehicles is a wrong decision. The imposition of additional tariffs will hinder the development of European car companies and will also harm Europe itself. Benefit."
The Mercedes-Benz Group also stated that if the trend of protectionism is allowed to rise, it will have negative consequences for all stakeholders. Mercedes-Benz said it would pay close attention to developments, but was unable to comment further on the ongoing investigation.
"In the long run, the imposition of countervailing duties is not conducive to the improvement of the competitiveness of the European automobile industry. We oppose this decision." As Europe's largest automobile group, Volkswagen Group issued a statement saying
·Original
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like