Nio and Xpeng respond to the new EU tariffs. Xpeng looking at siting a factory in the EU, Nio currently not making any changes.
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Category: tariffs
SAIC says it will raise further defenses due to unreasonable and erroneous aspects of the European Commission's anti-subsidy investigation.
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Such an inspection could lead to Tesla receiving a lower duty than the average of 21 percent, as only individually verified producers receive their own duty, Politico said.
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Nio said it maintains the pricing of its current models in European markets at this stage. Xpeng said it is actively assessing the feasibility of establishing local manufacturing capabilities in Europe.
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The EU's provisional tariffs will apply from July 5 for a maximum period of four months. Within this timeframe, a final decision on the definitive tariffs must be made through a vote by EU member states.
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The only China-made EVs currently imported into Canada are from Tesla, and local Chinese branded EVs have yet to be sold in Canada.
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Reports claim the EU will slightly reduce tariffs on Chinese EVs. However, Canada has now opened a consultation which may impose tariffs.
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Well, that's better than nothing.
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Currently, the only China-made EVs imported into Canada are Tesla vehicles produced at the Shanghai plant.
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BYD received the lightest penalty in Europe's new set of auto tariffs, to the relief of investors, but the sector is already looking to Southeast Asia as a growth driver.
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