China-based EV makers hit with European Union tariffs
Adds tag in headline
LONDON, Aug 20 (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation.
Here is a breakdown of the provisional tariffs by company:
BYD 002594.SZ: 17%
Includes:
BYD Auto Co Ltd
BYD Auto Industry Co Ltd
Changsha BYD Auto Co Ltd
Changsha Xingchao Auto Co Ltd
Changzhou BYD Auto Co Ltd
Fuzhou BYD Industrial Co Ltd
Hefei BYD Auto Co Ltd
Jinan BYD Auto Co Ltd
Geely GEELY.UL: 19.3%
Includes:
Asia Euro Automobile Manufacture (Taizhou) Co Ltd
Chongqing Lifan Passenger Vehicle Co Ltd
Fengsheng Automobile (Jiangsu) Co Ltd
Shanxi New Energy Automobile Industry Co Ltd
Zhejiang Geely Automobile Co Ltd
Zhejiang Haoqing Automobile Manufacturing Co Ltd
SAIC Group 600104.SS: 36.3%
Includes:
SAIC MAXUS Automotive Co Ltd
SAIC Motor Corp Ltd
Nanjing Automobile (Group) Corp
SAIC Volkswagen Automotive Co Ltd
SAIC GM Wuling Automobile Co Ltd
SAIC General Motors Co Ltd
Other companies the Commission said cooperated: 21.3%
Include:
Aiways Automobile Co Ltd
Anhui Jianghuai Automobile Group Corp Ltd 600418.SS
BMW Brilliance Automotive Ltd
Chery Automobile Co Ltd
China FAW Corp Ltd SASAAW.UL
Chongqing Changan Automobile Co Ltd
Dongfeng Motor Group Co Ltd 600006.SS
Great Wall Motor Co Ltd 601633.SS
Leapmotor Automobile Co Ltd 9863.HK
Nanjing Golden Dragon Bus Co Ltd
NIO Holding Co Ltd 9866.HK
XPeng Inc 9868.HK
Volkswagen VOWG_p.DE
Tesla (Shanghai) Co Ltd TSLA.O*: 9%
All other companies: 36.3%
* On Aug. 20, the EU set an individually calculated duty rate for Tesla after a request from the U.S. EV maker. It had previously been designated as a cooperating company with a 20.8% tariff.
Source: European Commission and Reuters reporting on VW
Compiled by Josephine Mason; Editing by Barbara Lewis and Emelia Sithole-Matarise
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