China says will negotiate 'until the last minute' on EU EV probe

admin admin | 09-20 00:20

The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China.
China's commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union's electric vehicle probe, with the investigation undermining confidence of Chinese companies investing in Europe.

Wang Wentao was speaking in Brussels at a China-Europe Electric Vehicles event where around 30 top executives of Chinese and European electric vehicle industries met to discuss views on the EU's anti-subsidy case against China's EVs.

Wang is due to meet the European Commission's trade commissioner Valdis Dombrovskis on Thursday to discuss rising trade tension.

The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China on top of the EU's standard 10% car import duty.

The EU's 27 members are due to vote on the proposed final duties on Sept. 25. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population votes against the levies.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Sky-high shopping: South Korea unveils ‘flying cart’ drone for transporting goods over any terrain

SEOUL, Oct 23 — South Korean researchers have developed a transport drone flying on multiple flexibl...

tech | 1 hour ago

Africa’s best-kept secret: Mozambique rolls out 100pc homegrown premium cigars for the global market

MAPUTO (Mozambique), Oct 23 — In a small neon-lit factory in Maputo, a dozen workers are hand-rollin...

life | 1 hour ago

In South Africa, dry taps are the new reality as water crisis deepens

JOHANNESBURG, Oct 23 — Joyce Lakela runs a nursery in Tembisa, a Johannesburg township, but these da...

world | 1 hour ago

From horror to hope: Rwanda’s genocide survivors rebuild lives 30 years on

PARIS, Oct 23 — Jeanne Allaire Kayigirwa was sure she was going to die three times during the Rwanda...

world | 1 hour ago

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 9 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 9 hours ago