EU May Cut China EV Tariffs on BMW and Volkswagen

2024-07-19 09:50:53 - 新浪财经头条

来源:钛媒体

TMTPost--TheEuropeanUnionistweakingtheprovisionaltariffratesonChina-madeelectricvehicles(EVs)thattwoGermanautogiantsface,accordingtoareport.

EU May Cut China EV Tariffs on BMW and Volkswagen

Credit:XinhuaNewsAgency

TheEuropeanCommissionhasindicatedtoBMWandVolkswagenthatitmayconsidercuttingtariffsontwocompanies’ importsofChina-madeEVs,Reuterscitedsourceswithknowledgeofthematter.TheexecutivearmoftheEuropeanUnionwaswillingtoclassifythetwoautomakersascooperatingfirms,whichmeanstheyarequalifiedfora20.8%tariffontheirChina-mademodels,insteadofatariffof37.6%undercurrentplans,accordingtothesources.

Iftheadjustmentofindividualtariffscomestrue,itwouldafirst,earlycompromisebytheEUontariffsassomeoftopautocompaniesinEuropemakecarsinChinaandimportthemtotheregion.

TheEuropeanCommissionannouncedonJuly4itimposedprovisionalcountervailingdutiesofupto37.6%,ontopoftheordinaryBEVimportdutyof10%,onimportsofbatteryelectricvehicles(BEVs)fromChina.Thecommissionconcludedthroughananti-subsidyinvestigationthattheBEVvaluechaininChinabenefitsfromunfairsubsidization,whichiscausingathreatofeconomicinjurytoEUBEVproducers.

Specifically, theadditionalindividualdutiesonthreesampledChineseEVmakers,wouldbe17.4%forBYD,19.9%forGeelyand37.6%forSAIC.ThatmeanstheEUdecidedtolevyalittlebitlessdutiesonGeelyandSAIC-madeEVssinceitspre-disclosedproposedratesare20%and38.1%,respectively,whileBYD,China’slargestEVmanufacturer,facesthesametariffrateasEU’soriginalproposal disclosedonJune12.

Accordingtoastatement oftheEuropeanCommission,otherBEVproducersinChina,whichcooperatedintheinvestigationbuthavenotbeensampled,aresubjecttothe20.8%weightedaverageduty,marginallydowngradedfromtheCommission’soriginalproposed 21%,whileallotherBEVproducersinChinathatdidnot cooperateintheinvestigation faceanextradutyof37.6%,comparedwiththeoriginalproposed38.1%. 

TheEuropeanCommissionsuggestedthelong-termdefinitivedutieswillbeeffectivenolaterthanfourmonthsago,ifapprovedbyEUcountries.AlltheabovementionedprovisionaldutiesareappliedforamaximumdurationoffourmonthsstartingfromJuly5.Withinthefour-monthtimeframe,afinaldecisionmustbetakenondefinitiveduties,throughavotebyEUMemberStates,andwhenadopted,thisdecisionwouldmakethedutiesdefinitiveforaperiodoffiveyears,theCommissionsaid.

BMW'sChina-madeelectricMiniandVolkswagen'sCupraTavascan werenotpartofBrussels'sampleanalysisintherun-uptothetariffannouncement,makingtheyautomaticallytargetsofthehighesttarifflevel.

BMWwasreportedlastweektohaveaskedBrusselstorecalculateindividualtariffratetolowersuchleviesforimportsofitsChina-madeelectricMinitoEurope asthefull-electricMininowfacethehighestdutiesunderprovisionalEUregulation.BMWaims tocutthedutylevelsto20.8%,downfrom37.6%,accordingtoaReutersreport.ThereportquotedsourcesthatBMWexpectstheelectricMiniwillultimatelybesubjecttoalowertariff,andanofficialprocessfornewmarketentrantstoseeklowerdutieswouldonlybemadepossibleinthefall,oncefinaldutieshavebeenset.

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