EU says information from three Chinese EV makers insufficient

admin admin | 05-04 16:20

The China Chamber of Commerce to the EU said the reported allegations of non-cooperation were unfounded and that the companies had participated in multiple rounds of questionnaires and facilitated on-site inspections.
The European Commission has warned three Chinese electric vehicle makers that they have not supplied sufficient information for its anti-subsidy investigation, according to two people familiar with the case.

If the Commission concludes that the provided information from sampled companies BYD, SAIC and Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them.

Warnings of this kind occur frequently in EU trade defence cases. Indeed, for all 10 past anti-subsidy cases against China for which measures are still in place, the Commission used such "facts available" to fill in certain gaps.

The companies have been given the right to respond to the warning, the people said.

SAIC said it had "fully cooperated" with the Commission and provided all necessary information in accordance with World Trade Organization and EU rules.

"It is worth pointing out that commercially sensitive information - such as battery formulation - should not belong to this category," it said in a WeChat message.

The company declined to comment when asked if Brussels had asked for battery formulation information.

Geely declined to comment. BYD did not respond to a request for comment late on a public holiday.

The China Chamber of Commerce to the EU said the reported allegations of non-cooperation were unfounded and that the companies had participated in multiple rounds of questionnaires and facilitated on-site inspections.

It added the companies viewed some of the EU's demands as excessive, including tight deadlines for detailed paperwork, demands going beyond the companies' capacity to provide evidence and requests for business-sensitive supplier information.

The Commission, which oversees trade policy in the 27-nation European Union, launched an investigation in October into whether battery electric vehicles manufactured in China were receiving distortive subsidies and warranted extra tariffs.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) said earlier this month that the investigation was stacked against Chinese manufacturers.

Among its complaints was the vast amount of information the Commission has demanded from the sampled Chinese producers.

"It cannot be precluded that the Commission may resort to what is called 'facts available' in trade defence parlance in order to inflate the subsidy margins," CCCME vice president Shi Yonghong said then.

The investigation, officially launched on Oct. 4, can last up to 13 months. The Commission can impose provisional anti-subsidy duties nine months after the start of the probe.

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

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 | 1 hour 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 | 1 hour ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 1 hour ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 1 hour ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 1 hour ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 1 hour ago