Tariffs: EU imposes extra tariffs on Chinese EV players at 2024 Beijing International Automotive Exhibition, impacting major manufacturers like BYD
Beijing, China – The recent decision by the European Union to impose additional tariffs on Chinese electric vehicle (EV) manufacturers has sent shockwaves through the industry. The move comes after a probe initiated by the EU in October, targeting Chinese EV players who have a large presence in Europe. Among the companies affected are BYD, Geely, and SAIC, with additional duties ranging from 17.4% to 38.1%. Analysts have noted that the EU tariffs, while impactful …