"The intention was to protect the European car industry but for us, it's having the opposite effect .... We need to find a solution," Cupra's CEO said.
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Category: Policy
China to take countermeasures against Canada over EV tariffs
China plans to resort to the WTO dispute settlement mechanism against Canada's practices and will launch the world's first anti-discrimination investigation.
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Tesla asked Canada for lower tariff rate on its China-made EVs, report says
Tesla had approached Ottawa to lower tariffs on its vehicles ahead of Canada's announcement this week of a 100 percent tariff on China-made EVs, according to Reuters.
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Canada to impose 100% tariff on Chinese EVs, report says
The Canadian government plans to announce a 100 percent levy on EVs from China and 25 percent on steel and aluminum, Bloomberg reported.
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EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla's 9 percent is well below the 20.8 percent indicated last month.
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US delays start of new tariffs on imports from China including EVs
The USTR expects its final ruling to be issued in August, and the new tariffs, which had been planned to take effect on August 1, will go into effect about two weeks after the publication of the final determination.
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Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
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China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels.
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EU holds hearing on additional tariffs at SAIC’s request
SAIC said in the hearing that the European Commission's anti-subsidy investigation involves commercially sensitive information and that there were errors in the determination of subsidies.
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Beijing offers extra 20,000 EV quotas in 1st relaxation of car purchase policy since 2011
The 20,000 quotas are additional to the original 80,000 quotas and can only be used to purchase purely electric vehicles.
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