Such an inspection may result in Tesla receiving a decrease responsibility than the typical of 21 %, as solely individually verified producers obtain their very own responsibility, Politico mentioned.
(A Tesla Mannequin 3 on show on the new vitality automobile present in Shanghai in early June 2024. Picture credit score: CnEVPost)
European Union inspectors visited Tesla’s (NASDAQ: TSLA) Shanghai manufacturing unit final week, bringing it one step nearer to getting decrease particular person responsibility on its vehicles inbuilt China and shipped to the EU, Politico mentioned in a July 3 report.
A be aware from the EU’s commerce arm dated June 18 mentioned the European Fee supposed to go to Tesla between June 26-28, in accordance with the report.
The three-day go to was notably a lot shorter than different exporter inspections, which lasted a number of weeks earlier this yr.
Tesla is the most important exporter of EVs from China to the EU, however the European Fee didn’t initially choose it for a go to in its anti-subsidy investigation in China. The corporate subsequently utilized to obtain particular person remedy and had that request granted, in accordance with Politico.
Such an inspection may lead to Tesla receiving a decrease responsibility than the typical of 21 %, as solely individually verified producers can obtain their very own responsibility, the report mentioned.
On June 12, the European Fee pre-disclosed the extent of provisional countervailing duties to be imposed on imports of battery electrical autos (BEVs) from China.
Among the many pre-disclosed responsibility charges have been 17.4 % for BYD, 20 % for Geely and 38.1 % for SAIC.
It was 21 % for different BEV producers that cooperated with the investigation however weren’t sampled, and 38.1 % for different BEV producers that didn’t cooperate within the investigation.
A desk revealed by the European Fee on the time confirmed that 13 automakers, together with Tesla, Nio (NYSE: NIO), Xpeng (NYSE: XPEV), and Leapmotor, have been listed as BEV producers that cooperated with the investigation however weren’t sampled.
Yesterday, the European Fee introduced that it will impose provisional countervailing duties on BEVs imported from China beginning July 5, however at barely diminished charges.
Particularly, the separate tariffs relevant to the three Chinese language producers are:
BYD: 17.4 %;
Geely: 19.9 %;
SAIC: 37.6 %.
Different Chinese language BEV producers that cooperated with the investigation however weren’t sampled are topic to a weighted common tariff of 20.8 %. The tariff for different non-cooperating firms is 37.6 %.
Nio, Xpeng reply to extra EU tariffs
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