Policy

Well, that's better than nothing.

Currently, the only China-made EVs imported into Canada are Tesla vehicles produced at the Shanghai plant.

BYD received the lightest penalty in Europe's new set of auto tariffs, to the relief of investors, but the sector is already looking to Southeast Asia as a growth driver.

China's Commerce Minister held a video talk with an executive vice president of the European Commission.

Canada is preparing potential new tariffs on China-made EVs to bring the country in line with actions by the US and the European Union, according to Bloomberg.

“In Europe, Nio's commitment to the EV market remains unwavering, and we will continue to serve our users and explore new opportunities within Europe despite protectionism,” Nio said.

BYD will be subject to an additional tariff of 17.4 percent, Geely 20 percent and SAIC 38.1 percent. Other BEV producers that cooperated in the EU investigation but were not sampled will pay a weighted average duty of 21 percent.

The European Commission is about to notify carmakers that it will temporarily impose additional tariffs of up to 25 percent on imported Chinese EVs from next month, according to the Financial Times.

Entry into the list lays the groundwork for the commercialization of high-level autonomous driving capabilities, Nio said.

Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.