The European Union and China have initiated discussions to potentially implement minimum prices on Chinese-manufactured EVs according to Reuters.
This negotiation aims to replace the current tariff system, which has been a considerable point of tension in EV trade between the regions.
Negotiations are set to start immediately according to China’s Ministry of Commerce.
In October 2024, the EU increased tariffs on Chinese-built EVs, including 17% on those made by BYD and 35.3% for SAIC, on top of its standard car import duty.
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