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Factbox-EU plans to hit China-based EV makers with additional tariffs

LONDON (Reuters) -The European Commission plans to apply additional duties on imported electric vehicles made in China. In September it cut the proposed final tariffs on Tesla (NASDAQ:TSLA) and slightly trimmed rates for others after taking into account submissions by the companies in its anti-subsidy investigation.

EU members will vote on the proposal on Friday.

The following tariffs are on top of the EU’s standard 10% import duty for cars.

Here is a breakdown of the provisional tariffs by company:

BYD (SZ:002594): 17%

Includes:

BYD Auto Co Ltd

BYD Auto Industry Co Ltd

Changsha BYD Auto Co Ltd

Changsha Xingchao Auto Co Ltd

Changzhou BYD Auto Co Ltd

Fuzhou BYD Industrial Co Ltd

Hefei BYD Auto Co Ltd

Jinan BYD Auto Co Ltd

Geely: 18.8%

Includes:

Asia Euro Automobile Manufacture (Taizhou) Co Ltd

Chongqing Lifan Passenger Vehicle Co Ltd

Fengsheng Automobile (Jiangsu) Co Ltd

Shanxi New Energy Automobile Industry Co Ltd

Zhejiang Geely Automobile Co Ltd

Zhejiang Haoqing Automobile Manufacturing Co Ltd

SAIC Group: 35.3%

Includes:

SAIC MAXUS Automotive Co Ltd

SAIC Motor Corp Ltd

Nanjing Automobile (Group) Corp

SAIC Volkswagen (ETR:VOWG_p) Automotive Co Ltd

SAIC GM Wuling Automobile Co Ltd

SAIC General Motors Co (NYSE:GM) Ltd

Other companies the Commission said cooperated: 20.7%

Include:

Aiways Automobile Co Ltd

Anhui Jianghuai Automobile Group Corp Ltd

BMW (ETR:BMWG) Brilliance Automotive Ltd

Chery Automobile Co Ltd

China FAW Corp Ltd

Chongqing Changan Automobile Co Ltd

Dongfeng Motor Group Co (OTC:DNFGF) Ltd

Great Wall Motor Co Ltd

Leapmotor (HK:9863) Automobile Co Ltd

Nanjing Golden Dragon Bus Co Ltd

NIO Holding Co Ltd

XPeng (NYSE:XPEV) Inc

Volkswagen

Tesla (Shanghai) Co Ltd*: 7.8%

All other companies: 35.3%

* The EU has set an individually calculated duty rate for Tesla after a request from the U.S. EV maker. It had earlier been designated as a cooperating company with a 20.8% tariff and then in August, it had cut the tariff to 9%.

Source: European Commission and Reuters reporting on VW

This post appeared first on investing.com

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