Source: EU hits Chinese EVs with tariffs, drawing rebuke from Beijing | Reuters
The European Commission said it will impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing which said on Wednesday it would take measures to safeguard its interests.
Less than a month after Washington announced plans to quadruple duties for Chinese EVs to 100%, Brussels said it would combat excessive subsidies with additional tariffs ranging from 17.4% for BYD (002594.SZ), opens new tab to 38.1% for SAIC (600104.SS), opens new tab, on top of the standard 10% car duty.
That equates to billions of euros of extra costs for the carmakers at a time when they are struggling with slowing demand and falling prices at home, according to Reuters calculations based on 2023 EU trade data.
European automakers, meanwhile, are being challenged by an influx of lower-cost EVs from Chinese rivals. The Commission estimates their share of the EU market has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.
欧盟委员会表示将从 7 月起对进口中国电动汽车征收高达 38.1% 的额外关税，此举可能会遭到北京方面的报复。北京周三表示将采取措施维护自身利益。 在华盛顿宣布计划将中国电动汽车关税提高四倍至 100% 后不到一个月，布鲁塞尔表示将通过额外关税来打击过度补贴。在标准 10% 汽车关税的基础上，从比亚迪（002594.SZ）额外关税 17.4%到上汽集团（600104.SS）额外关税 38.1% 不等）。 根据路透社基于 2023 年欧盟贸易数据的计算，这相当于汽车制造商在国内需求放缓和价格下跌的情况下增加了数十亿欧元的额外成本。 与此同时，欧洲汽车制造商正面临来自中国竞争对手的低成本电动汽车涌入的挑战。欧盟委员会估计，中国竞争对手在欧盟市场的份额已从 2019 年的不到 1% 上升至 8%，并可能在 2025 年达到 15%。委员会表示，其价格通常比欧盟制造的车型低 20%。
