Automundo China

FRANKFURT, Germany (AP) — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and the Asian nation's burgeoning exports of green technology to the 27-nation bloc.

The decision now risks triggering a trade war with China if the issue cannot be resolved in the coming days.

The tariffs have been expected for months, but many European automakers warned they will drive up prices for consumers and set off a trade war with China.

The decision comes as an investigation continues into what the EU calls China’s "unfair subsidisation".

Volkswagen Group has responded to the European Commission's (EU) decision to impose additional tariffs of up to 38% on Chinese EVs, following preliminary results of its anti-subsidy investigation which found that prices are being distorted by Chinese state support.

The European Union (EU) plans to increase the prices of Chinese electric cars after politicians labeled them a threat

Plug-in hybrid enters the firm into the popular SUV segment.

Tesla China’s Vice President Grace Tao urged TSLA investors to pass Elon Musk’s pay package in the upcoming 2024 Annual Shareholders Meeting.

Brussels' decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China. Starting next month, the European Commission plans to apply provisional duties of up to 25% on imported Chinese EVs, aiming to counteract the subsidies Chinese manufacturers receive from their government. This measure could escalate to about 35%, significantly lower than the 100% duties applied by the U.S., t

Brussels to impose tariffs on Chinese EVs, affecting BYD, SAIC, and Tesla. EU plans up to 25% duties to counter subsidies. Chinese EV stocks drop.