PARIS, June 21 (Reuters) - Chinese carmakers BYD
and SAIC subsidiary MG have not yet decided whether
they will increase prices on electric vehicle sold in the
European Union to offset the impact of additional duties,
sources close to the two groups have told Reuters.
The sources said that there would be no decision before July
4 when the provisional duties take effect.
They declined to be identified because the information is
confidential.
The companies did not immediately respond to a request for
comment.
A spokeswoman for Dacia, Renault's low-cost brand
whose electric Spring is imported from China, said that an
announcement on its price was "not on the agenda". It will be
subject to a 21% duty.
WHY IT'S IMPORTANT
Tesla is the only carmaker to announce plans to increase
prices - on its Model 3 - to compensate for the higher cost at
European borders as a result of the tariffs.
Analysts expect other manufacturers producing in China will
pass on part of the extra cost to consumers.
CONTEXT
Last week, the European Commission proposed tariffs of up to
38.1% on EV imports from China despite Beijing's protests,
plunging trade ties to a new low and risking punitive action
from the world's second-largest economy.
MG faces tariffs of 38.1%, on top of the current 10% tariff,
while for BYD the new tariffs amount to 17.4%.