XPeng and NIO have both confirmed their continuation in Europe. NIO is maintaining its pricing and may adjust it in the future. XPeng has promised to “find ways to minimize the impact on consumers.”
Chinese carmakers XPeng and NIO told AFP on Thursday that they have no intention of abandoning the European market after the EU imposed compensatory surcharges on electric vehicles from China.
The European Union taxes Chinese cars. BYD pays 17%, Geely 20% and SAIC 38%
The European Union (EU) on Thursday imposed additional customs duties of up to 38% on imports of Chinese electric cars, ahead of a final decision in November, accusing Beijing of illegally favouring its manufacturers.
EU advances compensatory duties on imports of Chinese electric cars
Following an anti-subsidy investigation launched in October, Brussels announced the surcharges on June 12, while opening talks with Beijing to try to resolve the issues and avoid the risk of a trade war.
China’s subsidies to tram manufacturers amount to 215 billion euros
Chinese carmaker Xpeng, known for his designer modelsHe assured AFP that he intends to remain in the European market.
EU wants to avoid a trade war with China over electric cars
As a company with a global vision, Xpeng will not change its Exploring foreign markets”We will find ways to minimise the impact on European consumers,” the company said.
Chinese rival NIO, which produces high-end models, told AFP on Thursday that it was “closely following” the case.
“At this stage, NIO maintains the prices of its current models in its European markets. However, it cannot be ruled out that prices may be modified in the future, following the imposition of these customs duties,” the company told AFP.
“Despite these developments, NIO remains fully committed to the European market: we believe in promoting competition and in the interest of consumers, and we look forward to reaching a solution with the EU before the application of definitive measures in November 2024.”
The EU executive now has up to four months to decide whether to impose definitive tariffs, leaving a window of opportunity for dialogue with China.
Source: Observadora
