EU Tariffs

There is no ongoing investigation into exports of hybrid vehicles from China to the European Union, a spokesperson said.

The European Commission is considering imposing tariffs on Chinese hybrid vehicles, with discussions still ongoing, according to a European media report.

Nio said it is pleased to see China and the EU making steady progress toward consensus on the basis of mutual respect.

The outcome of China-EU negotiations — replacing high tariffs with price undertakings —has preserved core market access for Chinese EVs in the EU, Cui said.

Both sides agreed it is necessary to provide general guidance on price undertakings for Chinese exporters shipping passenger BEVs to the EU.

The China Chamber of Commerce to the EU has established an automotive working group, with Zhang Hui, Nio Europe vice president, appointed as its first chairman.

EU and Chinese officials are discussing alternatives to European tariffs on Chinese EVs, but no solution is imminent, Reuters quoted unnamed European officials as saying.

Brussels and Beijing are close to reaching a solution on tariffs on Chinese EV imports into the EU, an EU official said.

Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters.

The European Commission has published the definitive tariff rates in the Official Journal, with the additional tariffs to take effect from October 30, and the provisional duties imposed on July 4 will not be collected.