TapTechNews August 21, according to CCTV News, the China Association of Automobile Manufacturers said today that the arbitration information of the European Commission seriously distorts the facts of China's electric vehicle industry, and the China Association of Automobile Manufacturers expresses strong dissatisfaction and firm opposition on behalf of the Chinese automobile industry.
According to TapTechNews' previous report, compared to the tax rate initially set by the European Commission, the draft of the European Commission has made a slight adjustment to the proposed tax rate and does not retroactively levy anti-subsidy taxes.
BYD: 17.0%
Geely Automobile: 19.3%
SAIC Motor: 36.3%
The average tax rate for cooperating enterprises: 21.3%
The tax rate for non-cooperating enterprises: 36.3%
In addition, the EU also decided to implement a separate tariff rate for Tesla as a Chinese exporter, which is currently set at 9%.
The China Association of Automobile Manufacturers said that the European Commission's levy of a high anti-subsidy tax on Chinese electric vehicles brings great risks and uncertainties to Chinese enterprises' operations in Europe and their investment in Europe, and damages the confidence of Chinese enterprises in operating in Europe and investing in Europe, which will have a serious adverse impact on driving the development of the EU's automotive industry, increasing local employment opportunities in the EU, and achieving green and sustainable development.