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China's Chery Auto: EU factory will help mitigate EU EV tariffs
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China's Chery Auto: EU factory will help mitigate EU EV tariffs
Jun 13, 2024 6:19 AM

LONDON, June 13 (Reuters) - Chery Auto,

China's largest automaker by export volume, expects its planned

production in Europe to help offset the impact of European Union

tariffs on imports of China-made EVs, a senior executive said on

Thursday.

Having local production "should help us mitigate some of the

impact" of duties, Charlie Zhang, vice president of Chery Auto

and president of its European business, told media a day after

the EU said it would impose additional tariffs of up to 38.1%

tariffs on Chinese EV imports.

Under the EU's proposal, Chery's imports will incur tariffs

of 21%.

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