Smart and Sustainable Electric Mobility
BYD will be subject to an additional tariff of 17.4 percent, Geely 20 percent and SAIC 38.1 percent. Other BEV producers that cooperated in the EU investigation but were not sampled will pay a weighted average duty of 21 percent.
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The European Commission is about to notify carmakers that it will temporarily impose additional tariffs of up to 25 percent on imported Chinese EVs from next month, according to the Financial Times.
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Entry into the list lays the groundwork for the commercialization of high-level autonomous driving capabilities, Nio said.
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Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
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China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
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China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
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Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down payment for conventional cars and at least 15 percent for NEVs.
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China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB trillions.
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China urges the US to correct discriminatory industrial policies and maintain the stability of the global industrial chain and supply chain of NEVs.
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China will tweak its policy to give the three centrally-administered automakers a separate assessment of their NEV businesses, a senior official said.
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