On August 20, the European Commission released the draft final results of its investigation into China’s electric vehicles and adjusted some of the proposed tax rates.
A person familiar with the matter revealed that according to the latest plan of the European Commission, the Cupra Tavascan model produced in China by SEAT, a brand of Volkswagen Group, will be subject to a lower tariff of 21.3%.
At the same time, the BMW Group said in a statement that the EU classified its joint venture in China, Spotlight Automotive Ltd., as a company that cooperates with the sample investigation and is therefore eligible to apply the lower tariff of 21.3%. Beam Auto is a joint venture between BMW Group and Great Wall Motors and is responsible for producing BMW's pure electric MINI in China.
Like the BMW electric MINI produced in China, the Volkswagen Group's Cupra Tavascan model has not been included in the EU's sample analysis before. Both cars will automatically be subject to the highest tariff level of 37.6%. The current reduction in tax rates indicates that the EU has made a preliminary compromise on the issue of tariffs on electric vehicles in China. Previously, German automakers that exported cars to China strongly opposed the imposition of additional tariffs on Chinese-made imported cars.
In addition to Volkswagen and BMW, a reporter from MLex reported that the EU has also significantly reduced the import tax rate for Tesla's Chinese-made cars to 9% from the previously planned 20.8%. Tesla's tax rate will be the same as that of all car manufacturers. The lowest in quotient.
In addition, the temporary tax rates of the three Chinese companies that the EU has previously sampled and investigated will be slightly reduced. Among them, BYD's tariff rate has been reduced from the previous 17.4% to 17%, and Geely's tariff rate has been reduced from the previous 19.9% to 19.3%. For SAIC The additional tax rate dropped to 36.3% from the previous 37.6%.
According to the EU's latest plan, companies that cooperate with the EU's countervailing investigations, such as Dongfeng Motor Group and NIO, will be levied an additional tariff of 21.3%, while companies that do not cooperate with the EU's countervailing investigations will be levied a tax rate of up to 36.3%. , but it is also lower than the highest temporary tax rate of 37.6% set in July.
Post time: Aug-23-2024