In the European Union there could be a minimum price for Chinese electric cars in the future. The EU and China think about this together. For this, the equalization introduced by the EU would no longer exist last year, explains a spokesperson for the EU committee.
The Chinese Ministry of Commerce and the EU committee explains that the Chinese Trade Minister Wangao had spoken with EU Trade Commissioner Maros Sefcovic on the subject.
China should invest in Europe
The leading e-car manufacturers of China must invest more in Europe and be able to share knowledge about technology and scientific knowledge, reports the “Handelsblatt”. In exchange, the EU would introduce a minimum price instead of the compensation rates. The advantage for China is that the Chinese car manufacturers can keep the difference between their original – very low – price and the agreed minimum price themselves and no rates.
Imported rates since October
The EU increased the rates for Chinese electric cars in October to 45.3 percent. Depending on the brand, there is still a different number of imports of 10 percent on cars in the EU. It is 17.0 percent for bidding vehicles, 18.8 percent for Geely cars and 35.3 percent for vehicles. In exchange, China had imposed punitive rates on the French Cognac, which influences sales in the important market for companies such as Hennessey, Remy Cointreau and Pernod.
Source: Krone
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