BRUSSELS, Belgium — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute.
According to the commission, which manages trade disputes on behalf of the 27 E.U.
member countries, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting E.U.
Other EV manufacturers in China, including Western companies such as Volkswagen and BMW, would be subject to duties of 20.7%.
The measures were published in the bloc’s legal Official Journal late Tuesday, meaning duties entered into force as of midnight, said E.U.
Persons:
we’re, Valdis Dombrovskis, undercutting, ’, Hildegard Müller, VDA, ” Müller, E.U, Arianna Podesta
Organizations:
Trade Organization, SAIC, Geely, Volvo, Britain’s MG, EV, Volkswagen, BMW, China’s Commerce
Locations:
BRUSSELS, Belgium, China, Brussels, Beijing, Germany