PROVISIONAL DUTIES ON CHINESE ELECTRIC VEHICLES
The European Commission has imposed provisional countervailing duties on imports of battery electric vehicles (BEVs) from China, following a nine-month anti-subsidy investigation. The inquiry revealed unfair subsidisation in the Chinese BEV value chain, posing an economic threat to EU producers.
As set out in Commission Implementing Regulation (EU) 2024/1866 of 3 July 2024 the duties are set at 17.4% for BYD, 19.9% for Geely, and 37.6% for SAIC. Other cooperating Chinese BEV producers face a 20.8% duty, while non-cooperating companies are charged 37.6%. These measures, effective from 5 July 2024 for up to four months, may become definitive following a vote by EU Member States.
Negotiations with China are ongoing, aiming for a WTO-compatible resolution. The Commission’s findings are detailed in the newly published Implementing Regulation. Interested parties can request hearings and provide feedback within specified timelines. The final decision on definitive duties, potentially lasting five years, will be based on the Member States' vote.
Source: European Commission