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The research revealed that unfair subsidies in China's BEV value chain pose a risk of economic harm to BEV manufacturers in the EU. The duties will become effective the day following their publication in the EU Official Journal, according to a statement from the EC.
The report reads the European Commission will impose countervailing duties on Chinese exporters as follows: BYD - 17.0%, Geely - 18.8%, SAIC - 35.3%, based on the results of the anti-subsidy investigation.
The responsibilities will be enforced for duration of 5 years.
Other collaborating companies will face a duty rate of 20.7%. Tesla will incur a 7.8 per cent duty following a reasonable request for a personal inspection. The EC statement explained that all remaining non-cooperating companies will be subject to a duty of 35.3 per cent.
Additionally, it has been stated that the European Commission will also oversee the efficiency of current measures in preventing circumvention in the future.
source: reuters.com
The report reads the European Commission will impose countervailing duties on Chinese exporters as follows: BYD - 17.0%, Geely - 18.8%, SAIC - 35.3%, based on the results of the anti-subsidy investigation.
The responsibilities will be enforced for duration of 5 years.
Other collaborating companies will face a duty rate of 20.7%. Tesla will incur a 7.8 per cent duty following a reasonable request for a personal inspection. The EC statement explained that all remaining non-cooperating companies will be subject to a duty of 35.3 per cent.
Additionally, it has been stated that the European Commission will also oversee the efficiency of current measures in preventing circumvention in the future.
source: reuters.com
