The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
GEELY AUTO (00175.HK), and SAIC Motor (600104.SH) filed a lawsuit in the EU General Court on Tuesday (21st) to challeng... The three companies face additional tariff rates of 17%, 18.8%, and 35.3% on top of the standard 10% import tariff.
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.
China has become the sixth largest country of origin for new vehicles registered in Europe, according to the latest data from JATO Dynamics.
China’s BYD, Geely, and SAIC have filed complaints at the Court of Justice of the European Union (CJEU) against the European Commission, seeking to avoid
JSW Group is investing USD 1 billion to launch its own car brand, including cars, trucks and buses, with a first vehicle expected around 2027-2028. The company is in talks with various players for technology partnerships and will have a separate entity from JSW MG Motor India.
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.
BRUSSELS (Reuters) -Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU's import tariffs at the Court of Justice of the European Union (CJEU), filings on the court's website ...
Tesla is challenging the European Union in court over the tariffs imposed on its Chinese electric vehicles despite getting
Chinese electric vehicle (EV) makers BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), and SAIC Motor (600104.SH) filed a lawsuit in the EU General Court on Tuesday ...
Three of China’s biggest car companies and an industry body are suing the European Commission over its tariffs on electric vehicle imports. Filings lodged at the General Court in Luxembourg, the ...