SAIC to get 38,1% duty in EU

[salty]

Chinese electric car makers hit with new European Union tariffs

The move poses a challenge to Beijing, which hopes EVs will help revive the country's flagging economy.

www.bbc.co.uk

SAIC has been hit with the highest new tariff of 37.6%.

Edit moderator: I merged this post into this existing thread.

WOW, that's long winded. Good job we ain't in the EU then innit. ??

 

[Anon70]

Wonder if this will impact insurance premiums, as the cost of replacing a write off just went up

 

[salty]

Wonder if this will impact insurance premiums, as the cost of replacing a write off just went up

If it affects us. ??

 

[OriginalBigAl]

According to European reports, SAIC pre-empted this by importing 7000 electric vehicles before today's deadline, to be sold at pre tariff prices. This is enough to last until November. As these cars are already here I would not expect any new face lifts to models as dealers would not want to be stuck with them as customers wait for the updated versions. SAIC are apparently going to concentrate on Hybrid and ICE models at very competitive prices as their main exports to Europe as these are not affected by the tariffs. The decision on the new SAIC factories in the EU has been delayed to a future date . Schoolyard politics , don't ya just luv it?

 

[GranTurismoEra]

SAIC will appeal

SAIC Motor demands a hearing from EC, accusing subsidy-recognition mistake - Global Times

www.globaltimes.cn

 

[salty]

SAIC will appeal

SAIC Motor demands a hearing from EC, accusing subsidy-recognition mistake - Global Times

www.globaltimes.cn

Should think they will.
Good on them. ?

 

[Fokmg]

In simple terms the policy is going to cost the end user more when they buy Anything
It will not stimulate competition.

For the last 20 years the Western World has been using "cheap goods from China" to mask inflation

Playing this game could well see a tidal wave of cost rises for ALL the items we purchase as China work out that they can ask Western World manufacturing prices.

We can`t do much because we have come to use to sourcing everything from China.

Rather like Japan in the 70s and 80s who flattened the car industry and the electrical goods in the West we will have to manage the situation.

It won`t be long till we go cap in hand to China for transfers of tech knowledge and business, just like we did with Japan ?

 

[GranTurismoEra]

Your government helps you too much. Tariff for you, Tariffs for him, Tariffs for everyone. Now give me my ball!

China Gives EV Automakers Grants, Incentives, Cheap Loans And Batteries, EU Report Finds | Carscoops

Full report lays out exactly what help Chinese firms get from the state and why SAIC’s tariff is so much higher than BYD's

www.carscoops.com

Don't let him take the ball. I'll speak to them ?

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

www.euronews.com

 

[MG Fred]

Yes, it's to protect European jobs.

Except that BYD is setting up a factory in Turkey or maybe Morocco I think I read, which will circumnavigate that tax due to a EU deal with Turkey and Morocco who aren’t even in the EU! That’s the EUs secret world of back hand deals where big companies can use cheap Turkish labour for factories and the French can raid Morocco’s fishing stock for free.

 

[DB Go Rex]

Except that BYD is setting up a factory in Turkey or maybe Morocco I think I read, which will circumnavigate that tax due to a EU deal with Turkey and Morocco who aren’t even in the EU! That’s the EUs secret world of back hand deals where big companies can use cheap Turkish labour for factories and the French can raid Morocco’s fishing stock for free.

They aren't going to get full access to the single market in Turkey (at least not yet), so the tariffs will likely get slapped on their if they do that?

 

[Robf]

Interesting, I wonder if it will cover all cars made in China e.g. Tesla, Volkswagon etc. What effect will it have on the second hand market (assuming the UK follows suit).

Electric cars: EU hits China with tariffs in battle for sales

The vote risks sparking a trade war as the EU looks to protect its own car makers.

www.bbc.co.uk

 

[RoadUser]

Different manufacturers are to have different rates.

UK can flip this to their advantage as we don't have anyone really making small cars, to not impose tariffs so the masses can have affordable EVs and so can Ireland through the back door!

 

[Espi]

At the moment, MG seems to be bringing only plug-in hybrids as new models. This will change within a year when production at the Thailand factory gets underway. There are no tariffs on imports from there to Europe, so they will be pushing cars into this market from that facility.

 

[GranTurismoEra]

I thought SAIC were looking at factories in Turkey and other EU countries.

 

[MG Clive]

At the moment, MG seems to be bringing only plug-in hybrids as new models.

Actually MG only do one Plug-in Hybrid, but in the last year their new models have included 2 Hybrids, 3 Petrols, the Cyberster EV, and the latest new model will be the S5EV.