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    Home > Top Stories > China-based EV makers hit with European Union tariffs
    Top Stories

    China-based EV makers hit with European Union tariffs

    Published by Uma Rajagopal

    Posted on August 20, 2024

    2 min read

    Last updated: January 29, 2026

    The image highlights the impact of new EU tariffs on Chinese electric vehicle makers, including BYD and Geely, amidst ongoing trade tensions. This is crucial for understanding the financial implications for the auto industry.
    China electric vehicle manufacturers facing EU tariffs on imports - Global Banking & Finance Review
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    Tags:European CommissionAutomotive industry

    Quick Summary

    LONDON (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation.

    LONDON (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation.

    Here is a breakdown of the provisional tariffs by company:

    BYD: 17%

    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: 19.3%

    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: 36.3%

    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: 21.3%

    Include:

    Aiways Automobile Co Ltd

    Anhui Jianghuai Automobile Group Corp Ltd

    BMW Brilliance Automotive Ltd

    Chery Automobile Co Ltd

    China FAW Corp Ltd

    Chongqing Changan Automobile Co Ltd

    Dongfeng Motor Group Co Ltd

    Great Wall Motor Co Ltd

    Leapmotor Automobile Co Ltd

    Nanjing Golden Dragon Bus Co Ltd

    NIO Holding Co Ltd

    XPeng Inc

    Volkswagen

    Tesla (Shanghai) Co Ltd*: 9%

    All other companies: 36.3%

    * On Aug. 20, the EU set an individually calculated duty rate for Tesla after a request from the U.S. EV maker. It had previously been designated as a cooperating company with a 20.8% tariff.

    Source: European Commission and Reuters reporting on VW

    (Compiled by Josephine Mason; Editing by Barbara Lewis and Emelia Sithole-Matarise)

    Frequently Asked Questions about China-based EV makers hit with European Union tariffs

    1What are electric vehicles?

    Electric vehicles (EVs) are cars that are powered by electric motors instead of traditional internal combustion engines.

    2What is the European Commission?

    The European Commission is the executive branch of the European Union responsible for proposing legislation and implementing decisions.

    3What is BYD?

    BYD is a Chinese automotive manufacturer known for producing electric vehicles and batteries.

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