Reaction to EU duties on China-built EVs
BRUSSELS, July 4 (Reuters) -The European Union will impose provisional tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, ratcheting up tensions with Beijing in the EU's largest trade case yet.
Here are some reactions to the news:
EU TRADE CHIEF VALDIS DOMBROVSKIS
"Obviously we are in consultation with member states now, also prior to imposition of those provisional duties and it's clear that member states are also interested to protect their automotive industries from unfair competition.
"Our aim is to ... ensure fair competition and a level playing field. Therefore, once again, we do not see any basis for retaliation.
"Those talks with China are ongoing and indeed should a mutually beneficial solution emerge, we can also find ways not to apply at the end of the day the tariffs.
"But it is very clear this solution (would) need to solve that market distortion that we are currently having ... and it needs to be market compliant."
EUROPEAN COMMISSION SPOKESPERSON
"What is clear is that what the EU wishes for is a solution. (...) The introduction of tariffs (...) is a means to correct an imbalance and unfair competitive situation to the detriment of producers of electric vehicles in the EU, compared to those who are producing vehicles in China."
EUROPE'S BIGGEST CARMAKER VOLKSWAGEN VOWG_p.DE
"The timing of the EU Commission's decision is detrimental to the current weak demand for BEV vehicles in Germany and Europe.
"The negative effects of this decision outweigh any benefits for the European and especially the German automotive industry. The Volkswagen Group is confidently accepting growing international competition, including from China, and sees this as an opportunity - this also benefits our customers."
GERMAN AUTO ASSOCIATION VDA
"Both China and the EU Commission must make every effort to find a solution through open and constructive dialogue. A potential global trade conflict must be averted.
"It is also a fact that global problems can only be solved with China.
"China plays a decisive role in a successful transformation towards electromobility and digitalisation - a trade conflict would also jeopardise this transformation.
"What is needed is an approach that promotes the strengths of our industrial nation, develops the location to be internationally competitive, opens up new markets, focuses on innovation and thus secures our prosperity and growth."
CHINESE EV MAKER NIO 9866.HK
"At this stage, NIO maintains the pricing of their current models in its European markets. However, it cannot be ruled out that prices may be adjusted at a later stage as a result of these tariffs being imposed.
"Despite these developments, NIO is fully committed to the European market: we believe in fostering competition and consumer interest, and we hope to reach a resolution with the EU before definitive measures are enforced in November."
CHINESE EV STARTUP XPENG 9868.HK
"All current consumers awaiting delivery and future customers placing orders before new tariffs take effect will be protected from any price increases.
"We are committed to proactively maintaining market competitiveness while minimising any potential impact on our current and future customers."
MG MAKER SAIC'S COUNTRY MANAGER FOR ITALY ANDREA BARTOLOMEO
"For the moment we will not change prices of cars in our line-up" in Italy.
EXPLAINER-What happens next in the EU investigation into Chinese EVs? nL8N3II18A
FACTBOX-Companies invest in EV battery factories in Europe nL8N3795LT
FACTBOX-Chinese EV makers' plans to make cars in Europe nL8N3H66B6
FACTBOX-EU probes on Chinese subsidies and imports nL8N3H80AT
FOCUS European automakers need time, not tariffs, to fend off China competition nL1N3HQ1KC
GRAPHIC China's auto exports to European countries rise https://reut.rs/4aUn2Qr
GRAPHIC Chinese car exports soared by more than 50% in 2023 https://reut.rs/4bKSMZy
FACTBOX-EU report details widespread Chinese interference in economy nL1N3IV09Q
FACTBOX-Carmakers respond to EU tariffs on Chinese-made EVs nL8N3IV0ZF
FACTBOX China-based EV makers hit with European Union tariffs nL1N3IW058
Reporting by Reuters; compiled by Josephine Mason; editing by Barbara Lewis and Jason Neely
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