New Tariff Threatens China's Electric Car Domination In Europe, CAAM Calls Its Direct Impact On The European Union

On August 15, Nio's Power Swap Station (PSS) was officially opened in Bumble. This is the 53rd PSS in Europe, and the 18th PSS in Norway. (Doc. NIOGlobal)

JAKARTA - The European Commission has published a draft of their investigation findings regarding the alleged subsidy for importing Chinese-made electric cars on Tuesday, August 20. The draft includes several revisions to the proposed penalty rates.

Responding to this, reported by Reuters on August 21, the China Association of Automobile Manufacturers (CAAM) has expressed strong opposition to revised drafts from the European Union (EU) regarding punitive rates for electric cars made in China. According to Chinese media CCTV reports, today the decision on the tariff carries "a great risk and uncertainty" for China's operations and investments in the EU.

Although the European Commission still believes that China's electric car production has benefited from a large subsidy, they still propose customs of up to 36.3 percent for Chinese automotive companies.

CAAM stated that the high tariff had "rustrated the trust of Chinese companies operating and investing in Europe."

In addition, the high tariff will also have a "serious negative impact on the development of the EU automotive industry, increasing local job opportunities in the EU, and achieving sustainable and green development."