A Chinese EV maker was slapped with a 36% tariff. The company said the EU wanted too much information.

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

A ******** EV maker was slapped with a 36% tariff. The company said the EU wanted too much information.

SAIC Motors faces a 36.3% tariff from the EU for non-cooperation and unfair subsidization.

The EU accused SAIC of not providing relevant documents, leading to a higher tariff than peers.

The tariffs are part of ongoing EU-China trade tensions over national security and overproduction.

A ******** electric vehicle maker faces an

This is the hidden content, please

• Sign In
• or
• Sign Up

compared with its peers.

The ********* Union said state-owned SAIC Motors, the ******** partner of General Motors and Volkswagen, ******* to cooperate with EU authorities and did not provide them necessary documentation.

Last week, the company was slapped with a 36.3% additional tariff on its cars because the EU accused it of benefiting from “unfair subsidization” and

This is the hidden content, please

• Sign In
• or
• Sign Up

SAIC also manufactures the MG brand of cars.

The amount was a revision from an even higher 37.6% tariff, which the ******** EV maker disputed after it was

This is the hidden content, please

• Sign In
• or
• Sign Up

The additional tariff will be applied on top of an existing 10% duty, which applies to all EVs imported from China.

In comparison to SAIC,

This is the hidden content, please

• Sign In
• or
• Sign Up

and Volvo parent Geely walked away with much lower tariffs. BYD, which temporarily dethroned Tesla as the world’s best-selling EV company earlier this year, was given a 17% tariff, while Geely saw a 19.3% tariff. Both carmakers saw small downward revisions last week.

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

 received a 9% tariff because it benefits from fewer ******** subsidies.

SAIC’s extra-harsh tariffs result from the company’s lack of cooperation with Brussels authorities. In a July report, the EU Commission found SAIC’s replies to a questionnaire to be “highly deficient,” missing key information, including the cost of production, information relating to purchases of main inputs, and related companies.

SAIC argued that the bloc asked them for too much information.

The company faced internal challenges when responding to the EU, too.

The EV maker lacked access to some of its own suppliers’ data and was unfamiliar with the required documentation,

This is the hidden content, please

• Sign In
• or
• Sign Up

on Monday, citing people familiar with the company.

Representatives for SAIC did not immediately respond to a request for comment from Business Insider.

Tariffs in the EU are a big headache for ******** EV manufacturers, which already face a 100%

This is the hidden content, please

• Sign In
• or
• Sign Up

Europe is a

This is the hidden content, please

• Sign In
• or
• Sign Up

. In an August report, HSBC wrote that ******** automakers’ share in the ********* EV market could rise from just over 6% in 2023 to 10.5% by 2030 — and nearly half of those sales could come from non-EU countries.

The tariffs are part of a prolonged diplomatic battle between the EU and China regarding trade, national security, and

This is the hidden content, please

• Sign In
• or
• Sign Up

The EU accuses China of encouraging overproduction in varied industries, including the green sector, and of

This is the hidden content, please

• Sign In
• or
• Sign Up

China says the 

This is the hidden content, please

• Sign In
• or
• Sign Up

 and is trying to curb its economic development.

Read the original article on

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

#******** #maker #slapped #tariff #company #wanted #information

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up