How EU’s new tariff hikes impact Chinese EVs made by BYD, SAIC and others

How EU’s new tariff hikes impact Chinese EVs made by BYD, SAIC and others

FILE PHOTO: BYD's electric vehicle (EV) Qin moves on a street in Beijing, China October 31, 2023. REUTERS/Tingshu Wang/File Photo

The European Union has decided to provisionally impose extra tariffs of up to 38.1% on battery electric vehicles shipped from China as part of an ongoing investigation finding that state subsidies are enabling Chinese electric-car makers to undercut their EU rivals, despite divisions in Europe over the issue.

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