Economic Indicators

China says EU draft on tariffs for Chinese EVs brings ‘enormous risks, uncertainty’

08/20/2024

Less than a minute

2024.08.20 23:20

© Reuters. FILE PHOTO: Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo

HONG KONG (Reuters) – The China Association of Automobile Manufacturers said it firmly opposes a final draft from the European Union on high tariffs for Chinese made electric vehicles, CCTV reported on Wednesday.

The decision brings “enormous risks and uncertainty” for China’s operations and investment in the EU, the association said, according to the CCTV report.

08/20/2024

Less than a minute

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