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Hard to see Chinese EV price deal by end of October, says EU official
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Hard to see Chinese EV price deal by end of October, says EU official
Oct 17, 2024 2:46 PM

*

EU tariffs on Chinese-made EVs due to come in at end of

month

*

EU gets minimum price offers from Chinese parties,

official says

*

Hard to reach agreement by end of October, official says

(Updates with EU official on challenge, obligation to look at

all offers)

By Philip Blenkinsop

BRUSSELS, Oct 14 (Reuters) - The European Commission has

received minimum price offers from the Chinese Chamber of

Commerce covering several EV producers and separately from a

number of individual exporters as part of negotiations to avert

EU tariffs, a senior EU official said.

"I won't exclude it, but it seems very, very difficult to

reach an agreement by the end of October, because (of)... the

very complex, difficult issues to solve," the official said on

Monday, referring to the scheduled end of an EU anti-subsidy

investigation into EVs, when tariffs are to be imposed.

The EU has said talks could extend beyond then, but the

official said the challenge was formidable because price

undertakings, involving a minimum price, to date had been for

homogenous commodities, rather than complex products such as

cars.

China on Saturday urged the European Union not to conduct

separate negotiations over price of Chinese-made EVs sold in the

EU, warning this would "shake the foundations" of bilateral

tariff negotiations.

The EU official said it would be "highly unusual" to focus

only on one price undertaking and not look at the others.

Indeed, the Commission was obliged to consider all offers.

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