Nov 08, 2024 07:37 PM
BUSINESS
Caixin Summit: ‘Level Playing Field’ an Alternative to EU’s EV Tariffs, Ambassador Says
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
EU Ambassador to China Jorge Toledo Albiñana speaks at the Caixin Summit on Friday.
The European Union’s ambassador to China said finding a solution that would create a “level playing field” on which European electric-vehicle (EV) makers can compete with their Chinese counterparts would be an acceptable alternative to tariffs.
Jorge Toledo Albiñana made the remark at the 15th Caixin Summit on Friday, as Beijing continues talks with Brussels to try to get it to scrap extra tariffs on imports of China-made EVs.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- The EU Ambassador to China emphasized the goal of creating a fair competition platform for European EV makers against Chinese counterparts, endorsing solutions besides tariffs.
- Following a year-long investigation, the EU imposed final tariffs from 7.8% to 35.3% on China-made EVs due to unfair competition from state subsidies.
- Ongoing negotiations focus on price undertakings, aiming to replace tariffs with higher export prices as both sides seek an agreeable solution.
AI generated, for reference only
Who’s Who
- Tesla Inc.
- The article mentions that Tesla Inc. cars manufactured in China are subject to a 7.8% tariff in addition to the existing 10% EU import duties. These tariffs were implemented as part of the EU's response to state subsidies allowing Chinese automakers to undermine European competitors.
- SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. is a state-owned Chinese automaker affected by the EU's new tariffs on China-made electric vehicles. The tariffs for SAIC and other non-cooperating companies during the investigation can reach up to 35.3%, alongside the existing 10% EU import duties.
AI generated, for reference only
What Happened When
- October 12, 2024：
- China's Ministry of Commerce stated that weeks of talks in Brussels failed to reach an agreement.
- Late October 2024：
- The European Commission gave final approval to tariffs on China-made EVs.
- October 30, 2024：
- The new tariffs became effective.
- By November 7, 2024：
- A spokesperson for the Commerce Ministry said that the EU sent a technical team to Beijing and negotiations were ongoing.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新