Automundo China

China said Thursday it "reserves the right" to file a suit with the World Trade Organization over planned new EU tariffs on imports of its electric vehicles.

BYD, the Chinese electric vehicle maker can manage the European Union’s additional tariffs on EVs from China—and may grab market share from more severely affected rivals.

The European Union has significantly increased tariffs on electric cars imported from China, eliciting a strong response from Beijing, as per a report by CNN

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms as well as research and development - Copyright AFP -The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe. […]

In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.

Chinese electric carmakers may be crying foul over the European Union's imposition of additional tariffs, but they have several options to keep growing, including shifting production to the continent and using fat profit margins to absorb some of the hit.

The European Commission made a significant announcement on Wednesday, revealing its intention to levy additional duties on imported Chinese electric vehicles, a move that could potentially ignite tensions with China. These tariffs, slated to take effect next month, could reach as high as 38.1%, depending on the manufacturer. According to the company breakdown provided by the Commission, the provisional tariffs are as follows: - BYD (17.4%) This includes various entities under BYD, such as BYD Auto Co Ltd and Changsha BYD Auto Co Ltd.

Brussels' plans to slap hefty tariffs on Chinese cars has sparked fury both in Beijing and in some EU capitals.

On Wednesday, the European Commission has unveiled new draft measures, which would impose tariffs on electric vehicles made in China.

Tesla requests lower EU tariffs for its EVs from China, citing less state support.