According to information revealed by the Commission, Chinese companies BYD, Geely and SAIC, three major electric car manufacturers, will face anti-dumping duty rates of 17.0 percent, 19.3 percent and 36.3 percent, respectively, which was considered a serious distortion.

On the other hand, the Tesla company, which operates in China, will have a nine-percent tariff.

The average for cooperating companies will be 21.3 percent, while those that did not cooperate with the investigation will be taxed at 36.3 percent.

The Association warned that the imposition of these high tariffs will create significant risks and uncertainty for Chinese companies operating in Europe or having investment plans on the continent. In addition, it warned that the measure may harm the development of the European Union’s automotive industry, reduce local employment opportunities and hinder efforts towards green and sustainable development.

In its statements, the Association urged to prioritize the overall framework of industrial cooperation between China and Europe, as well as to maintain dialogue and collaboration to ensure a fair, non-discriminatory and predictable market environment. It also emphasized the importance of preserving the security of the global automotive industry supply chains.

A Commission implementing regulation containing the final conclusions of the investigation will be published in the Official Journal by October 30th, 2024, at the latest.

For China, this investigation and the decisions to impose tariffs on Chinese electric vehicles respond to a measure of baseless trade protectionism.

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