Electric Vehicles
Chinese Carmakers Push Back Against Tariffs in New EU Hearings
- SAIC, Geely, BYD are main firms targeted by anti-subsidy probe
- Decision on whether to finalize the tariffs is due in November
Geely Zeekr electric vehicles bound for shipment to Europe at the Port of Taicang in Jiangsu Province.
Source: Bloomberg
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The three Chinese automakers singled out by the European Union in its anti-subsidy probe have sought and received additional hearings with regulators from the bloc as Beijing and Brussels continue to negotiate ahead of a November deadline to finalize the tariffs.
SAIC Motor Corp., the Chinese state-owned manufacturer hit with the highest duty of the three, at 37.6%, said in a filing Monday that the European Commission had conducted a hearing on July 19, as SAIC had requested.