BRUSSELS, Sept 10 (Reuters) - The European Union will
lower proposed final tariffs on Tesla and slightly trim
rates for other electric vehicles from China after taking into
account submissions by the companies, a source familiar with the
matter said on Tuesday.
Tesla's proposed tariff rate will drop to 7.8%, from 9%, the
source said. For BYD, there was no change to its 17% tariff. For
Geely, the new rate would be 18.8% from a previous 19.3%. A peak
rate of 35.3% would apply to SAIC and other companies not
cooperating with EU investigation, the source said.
These tariffs are on top of the EU's standard 10% import
duty for cars.
The European Commission, which is conducting the
anti-subsidy investigation into EVs made in China, declined to
comment. Tesla did not immediately respond to a Reuters' request
for comment.
Last month, the EU set out its initial proposal for final
duties, establishing a separate rate of 9% for Tesla EVs, a
sharp reduction from the higher duty that will apply to all
cooperating companies - now set at 20.7%.
This tariff is due to apply to certain Chinese producers
such as Chery, Great Wall Motor Co and NIO and a number of joint
ventures between Chinese companies and EU automakers.
China and affected companies were given 10 days to submit
their comments and the Commission has taken these into account
to establish revised tariff rates.
The proposed final duties will be subject to a vote by the
EU's 27 states. They will be implemented unless a qualified
majority of 15 EU members representing 65% of the EU population
vote against.
It is a high hurdle that is rarely reached, although this is
a politically charged file.