Smart and Sustainable Electric Mobility
Nio said it maintains the pricing of its current models in European markets at this stage. Xpeng said it is actively assessing the feasibility of establishing local manufacturing capabilities in Europe.
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The EU's provisional tariffs will apply from July 5 for a maximum period of four months. Within this timeframe, a final decision on the definitive tariffs must be made through a vote by EU member states.
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Well, that's better than nothing.
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BYD received the lightest penalty in Europe's new set of auto tariffs, to the relief of investors, but the sector is already looking to Southeast Asia as a growth driver.
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China's Commerce Minister held a video talk with an executive vice president of the European Commission.
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