“In Europe, Nio's commitment to the EV market remains unwavering, and we will continue to serve our users and explore new opportunities within Europe despite protectionism,” Nio said.
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BYD will be subject to an additional tariff of 17.4 percent, Geely 20 percent and SAIC 38.1 percent. Other BEV producers that cooperated in the EU investigation but were not sampled will pay a weighted average duty of 21 percent.
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The European Commission is about to notify carmakers that it will temporarily impose additional tariffs of up to 25 percent on imported Chinese EVs from next month, according to the Financial Times.
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European Commission investigators will come to inspect Chinese carmakers in the coming weeks as part of an investigation into whether to impose punitive tariffs to protect Europe's EV makers, Reuters reported.
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The growth of EVs is a revolution that many people don't understand, but once you share the data and the reality, they realize there is nothing to be challenged, a BYD executive said.
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