The European Commission notified carmakers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China.
Here is a breakdown of the provisional tariffs by company:
Includes:
BYD Auto Co Ltd
BYD Auto Industry Co Ltd
Changsha BYD Auto Co Ltd
Changsha Xingchao Auto Co Ltd
Changzhou BYD Auto Co Ltd
Fuzhou BYD Industrial Co Ltd
Hefei BYD Auto Co Ltd
Jinan BYD Auto Co Ltd
Geely (0175.HK): 20%
Includes:
Asia Euro Automobile Manufacture (Taizhou) Co Ltd
Chongqing Lifan Passenger Vehicle Co Ltd
Fengsheng Automobile (Jiangsu) Co Ltd
Shanxi New Energy Automobile Industry Co Ltd
Zhejiang Geely Automobile Co Ltd
Zhejiang Haoqing Automobile Manufacturing Co Ltd
SAIC Group (600104.SS): 38.1%
Includes:
SAIC MAXUS Automotive Co Ltd
SAIC Motor Corp Ltd
Nanjing Automobile (Group) Corp
SAIC Volkswagen Automotive Co Ltd
SAIC GM Wuling Automobile Co Ltd
SAIC General Motors Co Ltd
Other companies the Commission said cooperated: 21%
Include:
Aiways Automobile Co Ltd
Anhui Jianghuai Automobile Group Corp Ltd (600418.SS)
BMW Brilliance Automotive Ltd
Chery Automobile Co Ltd
China FAW Corp Ltd (SASAAW.UL)
Chongqing Changan Automobile Co Ltd
Dongfeng Motor Group Co Ltd (600006.SS)
Great Wall Motor Co Ltd (601633.SS)
Leapmotor Automobile Co Ltd (9863.HK)
Nanjing Golden Dragon Bus Co Ltd
NIO Holding Co Ltd (9866.HK)
Tesla (Shanghai) Co Ltd *
XPeng Inc (9868.HK)
All other companies: 38.1%
* The EU said Tesla (TSLA.O) may receive an individually calculated duty rate on its China-made EVs when definitive duties are imposed in November.
Source: European Commission
