EU to Levy Tariffs on Chinese Electric Cars, Geely Disappointed

TapTechNews June 13 news, the European Commission announced on June 12 that it intends to levy a provisional anti-subsidy duty on electric cars imported from China starting from July 4. (TapTechNews note: up to 38.1%). Geely Holding issued a statement today saying that it is very disappointed.

The statement said that the European Commission's imposition of tariffs on Chinese electric cars is a wrong decision, and the imposition of tariffs will damage Europe's own interests and also hinder the development of China-EU economic and trade.

Geely Holding said that the company has always supported free trade, advocated fair competition, strictly abided by the laws and regulations of countries around the world, and provided excellent products and services to global users. In the past nearly 20 years, Geely Holding has made a large amount of investment in Europe, improved the innovation ability of the whole industrial chain, and created tens of thousands of employment opportunities.

Geely called on the European Commission in the statement to carefully consider its decision and jointly seek solutions to promote fair competition and create a healthy development environment. Geely Holding will closely monitor the relevant decisions of the European Commission and continue to follow up with relevant parties on this matter and take necessary measures to safeguard its legitimate rights and interests and the interests of global users.