China's EV makers Nio, XPeng commit to EU market despite tariffs
Beijing (AFP) July 4, 2024
China's electric car makers Nio and XPeng told AFP on Thursday they had no plans to quit the European market after the EU imposed tariffs on Chinese-made EVs. The European Union slapped extra provisional duties of up to 38 percent on the EV imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. XPeng, a Chinese EV firm known for its de
China's electric car makers Nio and XPeng told AFP on Thursday they had no plans to quit the European market after the EU imposed tariffs on Chinese-made EVs. The European Union slapped extra provisional duties of up to 38 percent on the EV imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. XPeng, a Chinese EV firm known for its de