Sales of Chinese electric vehicles in EU fall after tariff increase
Chinese carmakers' share of electric vehicle sales in Europe fell to its lowest level in eight months in November. The decline follows higher import tariffs on Chinese-made electric cars introduced by the EU at the end of October.
Chinese manufacturers such as BYD and SAIC Motor, which owns the British sports car brand MG, accounted for 7.4 per cent of new electric vehicle registrations in the EU in November. This is down from 8.2 per cent in October and the lowest level since March, according to market researcher Dataforce.
The EU imposed the extra duties of up to 35 per cent after investigations found that Chinese state aid was giving Chinese carmakers an unfair competitive advantage over their European rivals.
Months of talks failed to resolve the EU-China trade dispute, prompting Brussels to add the new tariffs to an existing 10 per cent import duty on Chinese-made electric cars. In response, China opened its own investigations on unfair trading practices, including on European dairy and pork products.
PHOTO © Ina FASSBENDER / AFP
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