The EU decided to impose a five-year final countervailing duty on Chinese electric vehicles

On October 29, local time, the European Commission announced that it had ended the anti-subsidy investigation on Chinese imported electric vehicles (BEVs) and decided to impose a five-year final countervailing duty on related products. It is reported that the following countervailing duties will be imposed on sampled Chinese export producers:
BYD: 17.0%
Geely: 18.8%
SAIC Group: 35.3%
Other partner companies will be subject to a 20.7% tariff.
After submitting an individual review request, Tesla will be subject to a 7.8% tariff.
All other non-cooperative companies will be subject to a 35.3% tariff.

The temporary tariffs imposed on electric vehicles imported from China on July 4, 2024 will not be imposed.