Final Verdict in EU Anti-Subsidy Probe of Chinese-Made EVs Expected by End of Month
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The European Commission is expected to release the final conclusions from its anti-subsidy investigation into Chinese-made electric vehicles (EVs) by the end of the month, according to the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME).
The announcement was made at a media briefing by a chamber representative on Friday. No further information was provided.
The investigation, launched in October, has already found that “the BEV (battery electric vehicle) value chain in China benefits from unfair subsidization, which is causing a threat of economic injury to EU BEV producers,” the European Commission announced on July 4.
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- The European Commission's investigation found that China's BEV industry benefits from unfair subsidies, leading to provisional tariffs on Chinese EVs since July 5.
- Selected Chinese companies face tariffs of up to 37.6%, pending EU member states' vote on final duties, which could last five years.
- China's EV exports to the EU accounted for 45.1% of its total, but have fallen 14.6% year-on-year; China has lodged a WTO complaint against the EU's tariff decision.
- BYD Co. Ltd.
- BYD Co. Ltd. is one of the Chinese electric vehicle makers closely examined in the European Commission's anti-subsidy investigation and now faces a provisional tariff of 17.4%. The tariffs are part of measures imposed due to findings that Chinese BEVs benefit from unfair subsidization, threatening EU BEV producers. The European Commission may retroactively impose tariffs starting from March this year.
- Zhejiang Geely Holding Group Co. Ltd.
- Zhejiang Geely Holding Group Co. Ltd. is one of the Chinese EV makers selected for close examination by the European Commission in its anti-subsidy investigation. It faces a provisional tariff of 19.9% on its BEVs imported into the EU. The investigation revealed that the Chinese BEV value chain benefits from unfair subsidies, causing a threat to EU producers. The final decision on the tariffs will be made by the end of the month.
- SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. is one of the Chinese EV makers that cooperated with the European Commission’s anti-subsidy investigation. The company is now facing provisional tariffs of 37.6% on its battery electric vehicles (BEVs) exported to Europe. This investigation has significant implications for SAIC's business operations and its future investment decisions in Europe.
- October 2023：
- The European Commission launched an anti-subsidy investigation into Chinese-made electric vehicles (EVs).
- March 2024：
- The EU tightened registration procedure on China-imported EVs.
- 2024-07-04：
- The European Commission announced that the BEV value chain in China benefits from unfair subsidization. The Commission also stated that tariffs stemming from a final determination will be in force for five years.
- 2024-07-05：
- The EU started imposing provisional tariffs on BEVs imported from China.
- By the end of the month 2024：
- The European Commission is expected to release the final conclusions from its anti-subsidy investigation into Chinese-made electric vehicles (EVs).
- 2024-08-10：
- China lodged a complaint with the World Trade Organization (WTO) over the EU’s tariff decision.
- 2024-08-16：
- A chamber representative made an announcement at a media briefing.
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