Tesla sues EU over tariffs on EVs made in China
The EU Commission had imposed duty rates on Chinese-made EVs in a bid to encourage domestic manufacturing. Tesla was subjected to the lowest rate of 7.8%, while other automakers such as SAIC Motor faced tariffs as high as 35%. These rates are in addition to a 10% standard import tariff.
However, SAIC Motors demonstrates that BYD is not the only Chinese company challenging Tesla’s dominance. China’s impressive exporting power is another factor to consider. The country exported ...
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining ...
which includes the joint venture between the Chinese state-owned SAIC Motor and Wuling as well as General Motors, also had a market share of 8 percent as of the most recently available data.
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