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EU to investigate 'flood' of Chinese electric cars, weigh tariffs
Reuters ^ | September 13, 202310:38 AM CDT | By Philip Blenkinsop

Posted on 10/05/2023 6:29:25 AM PDT by Red Badger

BRUSSELS, Sept 13 (Reuters) - The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies.

"Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament, seen by many in Brussels as a pitch for her re-appointment for a second term.

Advertisement · Scroll to continue The Commission will have up to 13 months to assess whether to impose tariffs above the standard 10% EU rate for cars in its highest profile case against China since an EU probe into Chinese solar panels narrowly avoided a trade war a decade ago.

The anti-subsidy investigation covers battery-powered cars from China, so also includes non-Chinese brands made there, such as Tesla (TSLA.O), Renault (RENA.PA) and BMW (BMWG.DE). It is also unusual in that it is brought by the European Commission itself, rather than in response to an industry complaint.

The Chinese Chamber of Commerce to the EU said it was very concerned and opposed to the investigation's launch and that the sector's competitive advantage was not due to subsidies. It urged the EU to look at Chinese electric vehicles objectively.

Tensions between China and the EU have been growing, partly due to Beijing's closer ties with Moscow after Russia's invasion of Ukraine. The EU is seeking to reduce its reliance on the world's second-largest economy, particularly for materials and products needed for its green transition.

European carmakers have realised they have a fight on their hands to produce lower-cost electric vehicles and erase China's lead in developing cheaper models.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Military/Veterans; Sports; Travel
KEYWORDS:

1 posted on 10/05/2023 6:29:25 AM PDT by Red Badger
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To: Red Badger

China has fields of rotting EVs so are they shipping them around the world ?


2 posted on 10/05/2023 6:34:14 AM PDT by butlerweave
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To: Red Badger

We said it on FR.
China EV push is to destroy the mainstreet EV market and capture it for themselves.


3 posted on 10/05/2023 6:39:01 AM PDT by Zathras
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To: Red Badger

Battery-powered electric vehicles are, at best, suitable only for a niche market. And that is just about saturated already.

Much better would be hydrogen-fueled electric vehicles, but the infrastructure for producing, distributing and retailing hydrogen does not exist in any reasonable economic feasibility. Really CHEAP electrical power generation, in the form of a modern nuclear power generation plant, used to produce hydrogen from water found in saline or brackish lagoons, and sold in containers capable of holding the hydrogen under high pressure, which could be swapped out at refueling stations with a similar tank already on the electric vehicle. Much like propane tanks.


4 posted on 10/05/2023 6:44:37 AM PDT by alloysteel (Be kind to your web-footed friends. That duck may be somebody's mother.)
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To: Zathras

Yes, and at the same time they destroy the American Industrial base, so that new arms, weapons, ships, aircraft and electronics can’t be manufactured here.

When all we have is vaping shops, nail parlors, bars and restaurants, we will be defenseless................


5 posted on 10/05/2023 6:46:08 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Is this the ultimate endgame behind China Joe’s irrational push to destroy the auto industry and push electric vehicles?


6 posted on 10/05/2023 7:01:47 AM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
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To: gov_bean_ counter

It also destroys America’s industrial base, even those unrelated to automobiles.

We won’t be able to make weapons, ships, arms or aircraft..................


7 posted on 10/05/2023 7:04:35 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

European Commission President

Who votes for electing that position? Claus Schwab?


8 posted on 10/05/2023 7:18:40 AM PDT by FlyingEagle
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To: Red Badger

Vaping shops are the new Opium Dens.

Revenge is a dish best served cold.


9 posted on 10/05/2023 7:21:43 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: FlyingEagle

https://en.wikipedia.org/wiki/President_of_the_European_Commission


10 posted on 10/05/2023 7:22:22 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

The EU’s Digital Services Act just went into force for a reason.

The EU has a Deep State, too.

And there’s doesn’t want a healthy middle class, people to have freedom of movement any more than ours or the UK’s does.


11 posted on 10/05/2023 7:24:37 AM PDT by mewzilla (Never give up; never surrender!)
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To: mewzilla
The EU has a Deep State, too.

There is only one 'Deep State'. It has no borders......................

12 posted on 10/05/2023 7:26:23 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Deep State is global.


13 posted on 10/05/2023 7:26:51 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

Yes, and it is multilingual.................


14 posted on 10/05/2023 7:30:46 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger
Trade war? So no Chinese EVs in Europe...no German cars,or Airbus,in China.
15 posted on 10/05/2023 7:43:33 AM PDT by Gay State Conservative (Two Words: Banana Republic)
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To: Red Badger
In a speech in the European Parliament Nigel Farage once said that the President of the European Commission resembled a damp rag.Then the camera panned to the President....who had a damp rag look on his face.
16 posted on 10/05/2023 7:56:28 AM PDT by Gay State Conservative (Two Words: Banana Republic)
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