美國居民不適用 XM 服務。

EU set to disclose tariff rates for Chinese electric vehicles

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EU set to disclose tariff rates for Chinese electric vehicles</title></head><body>

By Philip Blenkinsop

BRUSSELS, June 10 (Reuters) -The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing.

Less than a month after Washington quadrupled duties for Chinese EVs to 100%, Brussels will set almost certainly far lower tariffs for imports from Chinese makers such as BYD 002594.SZ and Geely 0175.HK as well as western producers such as Tesla TSLA.O that export cars from China to Europe.

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals. Still, there is virtually no support for tariffs from the continent's auto industry.

German automakers in particular are heavily dependent on sales in China - and thus fear retribution from Beijing - and European auto firms also import their own Chinese-made vehicles.

But European Commission President Ursula von der Leyen has repeatedly said Europe needs to act to prevent China from flooding the bloc's market with subsidised EVs.

"If provoked, the reaction and repercussions could lead to a trade war which would be devastating for a region that is still heavily dependent on Chinese dominated supply chains in order to achieve its lofty climate goals," said Will Roberts, head of automotive research at Rho Motion.

China has rebuked the EU over the anti-subsidy investigation, urged cooperation and lobbied individual EU countries, but not fully spelt out what its response to tariffs would be.

Beijing has already launched an anti-dumping investigation into mostly French-made imports of brandy. It also passed a law in April to strengthen its ability to hit back should the United States or EU impose tariffs on exports of the world's No. 2 economy.

The EU's pre-disclosure notice comes a few weeks before the July 4 deadline for imposing provisional measures. They could though apply retroactively for the prior 90 days.

Interested parties will be given three working days to comment on the accuracy of the Commission's calculations.

The investigation will continue until late October, when a decision on whether to impose definitive duties, typically for five years, will be taken. Proposed duties would apply unless EU governments overwhelmingly oppose them.

That leaves time for a potential deal to be struck between Brussels and Beijing. Chinese executives hope such talks will soften the blow.

Analysts expect tariffs of between 10% and 25%.

Every additional 10% on top of the existing 10% levy would cost EU importers of Chinese EVs about $1 billion, based on 2023 trade data, another blow for a sector struggling with slowing demand and falling prices at home.

That cost will grow this year as Chinese EV makers expand exports to Europe.

Imports of China-made EVs have been dominated by western carmakers Tesla, Renault's RENA.PA Dacia and BMW BMWG.DE but the Commission has forecast that Chinese brands' share of EVs sold in the EU has risen to 8% from below 1% in 2019 and could reach 15% in 2025. It says prices are typically 20% below those of EU-made models.

Chinese models exported to Europe include BYD's Atto 3, SAIC's MG and Geely's Volvo.


Top executives at BMW BMWG.DE, Mercedes MBGn.DE and Volkswagen VOWG_p.DE have warned against imposing import duties on vehicles from China, where HSBC estimates the German carmakers generate 20-23% of their global profits.

Among EU governments, France says Europe needs to defend itself against China's subsidised production, while German Chancellor Olaf Scholz has said he is not convinced of the need for tariffs.

Meanwhile the market is evolving as European automakers team up Chinese counterparts to bring EVs to market more cheaply and quickly.

Chinese EV makers and suppliers are also starting to invest in European production, which would avoid tariffs.

Executives at Europe's legacy carmakers told Reuters recently that stiffer tariffs might temporarily shrink or eliminate the cost advantage Chinese automakers gain from their supply chains.

But it will not prevent the reckoning that China's lower cost EVs will force on them.

Stellantis STLAM.MI CEO Carlos Tavares said carmakers "don't have much time" to adjust their businesses and depended on the removal of "regulatory chaos and the bureaucracies that we have in our backyard".

China gears up to make a deal with Europe as EV tariffs loom https://www.reuters.com/business/autos-transportation/china-gears-up-make-deal-with-europe-ev-tariffs-loom-2024-05-29/

How China's EV makers aim to beat Tesla, legacy automakers in Europe https://www.reuters.com/business/autos-transportation/how-chinas-ev-makers-aim-beat-tesla-legacy-automakers-europe-2024-05-30/

FACTBOX-Companies invest in EV battery factories in Europe nL8N3795LT

FACTBOX-Chinese EV makers' plans to make cars in Europe nL8N3H66B6

FACTBOX-EU probes on Chinese subsidies and imports nL8N3H80AT

FOCUS European automakers need time, not tariffs, to fend off China competition nL1N3HQ1KC

GRAPHIC-China's auto exports to European countries rise https://reut.rs/4aUn2Qr

GRAPHIC-Chinese car exports soared by more than 50% in 2023 https://reut.rs/4bKSMZy

Reporting by Philip Blenkinsop;
Additional reporting by Nick Carey;
Editing by Josephine Mason and Kirsten Donovan


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。