European Commission Sharpens Inquiry Into Chinese EV Subsidies

opened an inquiry into whether Chinese automakers are the beneficiaries of such significant subsidies by the Chinese government that they have an unfair economic advantage over domestic manufacturers. The question is ridiculous, of course. Everyone on Earth knows the Chinese government has been providing massive support to its automotive sector for 20 years.

Basically what the European Commission is saying is, “We thought you were taking unfair advantage, you didn’t provide substantive proof to the contrary, and so we are going to assume what we accused you of is true. If so, we are within our rights to impose any tariffs we think are necessary to level the playing field so our companies and our workers are not harmed by your actions.”last week the EV probe was “advancing,” and he expected it to wrap up “before the summer break.

Such an anti-subsidy case normally results in a duty levied on EU imports. Duties would apply to all imports of EVs from China, though the EU can decide to tweak percentages per producer.The letters sent to the three Chinese companies outline how the European Commission requested information on their operations, sales projections, and their suppliers. One recurring complaint is that the three companies kept claiming their suppliers didn’t need to fill out a subsidy questionnaire.

With regard to Geely — which owns Volvo Cars — the European Commission found that “none of the financing companies of Geely group provided a reply to Commission’s questionnaire.”that an update of relations was necessary “because China now has excess capacity in many areas and exports massively to Europe.” Cars are not the only products of concern.

Source: Energy Industry News (energyindustrynews.net)

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