China complained to the WTO about the EU over the additional automobile tax

BYD renewed its own record with September sales


China announced that it filed a complaint against the European Union with the WTO over additional automobile taxes on electric cars.

According to the news in BloombergHT China initiated legal proceedings at the World Trade Organization against the taxes imposed by the EU on domestic electric vehicles. China had also complained about Turkey to the WTO over the extra tax imposed on automobiles imported from China. In the statement made on this issue, it was noted that the main element of the complaint in question was the additional customs duties imposed by Turkey on automobiles imported from China. In sharing, “The discriminatory measure taken by Turkey is against WTO rules and is protectionist in nature. “We call on Turkey to comply with WTO rules and immediately correct its measures.” It was said. China took another step before this. According to Reuters The country has told major automakers to halt investments in European Union countries that support Europe’s new electric vehicle tariffs. Many Chinese manufacturers announced that they would invest in factories/production in Europe in order to avoid the new taxes.

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As reported, 10 different EU member states, including France, Poland and Italy, supported the extra customs duties of up to 45.3 percent imposed by the European Union on Chinese electric vehicles, while five members, including Germany, opposed the process. 12 members chose to abstain. In the new era Electric vehicles brought to Europe from China will face an extra customs duty of over 30 percent in addition to the 10 percent customs duty.

Here, different tax rates are applied depending on the brand/company. For example, the extra tax burden of Tesla vehicles brought from China is around 9 percent. BYD’s tax rate is announced as 17 percent, Geely’s as 19 percent, and SAIC’s as 36.3 percent. It is stated that brands that cooperate within the scope of the investigation face a 21.3 percent tax, and those that do not cooperate face a 36.3 percent tax.

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