MOFCOM Reacts to EU's Final Anti-Subsidy Ruling on Chinese E

On October 29 local time, the European Commission announced the end of its anti-subsidy investigation and decided to impose a final anti-subsidy tax on electric vehicles (BEV) imported from China for a period of five years.

The related decision is expected to be published in the Official Journal of the European Union on October 30 local time, and the anti-subsidy tax will officially take effect from October 31.

The following anti-subsidy taxes will be imposed on the sampled Chinese exporting manufacturers:

BYD: 17.0%

Geely: 18.8%

SAIC Motor: 35.3%

Other cooperative companies will be subject to a tariff of 20.7%. After an individual review request, Tesla will be subject to a tariff of 7.8%. All other non-cooperative companies will be subject to a tariff of 35.3%.

The provisional tariffs imposed on electric vehicles imported from China on July 4, 2024, will not be collected.

On October 30, a spokesperson for the Ministry of Commerce answered a reporter's question regarding the EU's final ruling on the anti-subsidy investigation of electric vehicles from China.

Question: On October 29 local time, the European Commission announced the final ruling on the anti-subsidy investigation of electric vehicles from China. What is China's comment on this?

Answer: We have noted the announcement by the European side. China has repeatedly pointed out that there are many unreasonable and non-compliant aspects in the EU's anti-subsidy investigation of electric vehicles from China. It is a protectionist practice that uses the name of "fair competition" to engage in "unfair competition." China does not recognize and accept the ruling and has filed a lawsuit under the WTO dispute settlement mechanism. China will continue to take all necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises.

At the same time, we have also noted that the European side has expressed its willingness to continue consultations with China on price commitments. China always advocates resolving trade disputes through dialogue and consultation and has been making the utmost efforts in this regard. Currently, the technical teams of both sides are conducting a new round of consultations. We hope that the European side will work with China in a constructive attitude, following the principles of "pragmatism and balance," taking into account each other's core concerns, and reaching a mutually acceptable solution as soon as possible to avoid the escalation of trade friction.