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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":582,"content":583},"doc",[584,601,614,619,624,633,640,645,650,660,665,670,675,680,685,690,695,700,705,710,715,720,725,730,735,743,748,753,758,766,796],{"type":585,"attrs":586,"content":587},"paragraph",{"textAlign":49},[588,591,599],{"text":589,"type":590},"The European Union has announced it intends to impose additional duties of up to 38.1% on ","text",{"text":592,"type":590,"marks":593},"imports of battery electric vehicles from China",[594],{"type":595,"attrs":596},"link",{"href":597,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/how-the-eu-could-tackle-subsidised-imports-of-chinese-evs","url",{"text":600,"type":590},". These are on top of the existing 10% tariffs currently in place.",{"type":585,"attrs":602,"content":603},{"textAlign":49},[604,606,612],{"text":605,"type":590},"This marks the latest geopolitical escalation in China-West relations in the EV supply chain, after the ",{"text":607,"type":590,"marks":608},"US imposed 100% tariffs on Chinese EV exports last month",[609],{"type":595,"attrs":610},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/us-hikes-tariffs-to-further-isolate-china-from-its-ev-supply-chain-ambitions",{"text":613,"type":590},", significantly higher than those suggested by the EU.",{"type":585,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":590},"The duties imposed vary depending on the amount of state subsidisation and the level of compliance with the EU’s anti-subsidy probe that began in September last year.",{"type":585,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":590},"“The EU is proposing these countervailing duties to counter what it views as China’s unfair subsidisation of the EV sector and protect its EV industry,” Bryan Bille, a policy analyst at Benchmark, said. “With these duties, the EU basically wants to create a level playing field in the EV sector.”",{"type":585,"attrs":625,"content":626},{"textAlign":49},[627],{"type":628,"attrs":629},"image",{"id":49,"alt":630,"src":631,"title":49,"source":49,"copyright":49,"meta_data":632},"","https://a.storyblok.com/f/287943243085208/12c9a56e8d/bm-eu-tariff-china-13062024-v3.png",{},{"type":634,"attrs":635,"content":637},"heading",{"level":636,"textAlign":49},4,[638],{"text":639,"type":590},"Why is the EU increasing duties?",{"type":585,"attrs":641,"content":642},{"textAlign":49},[643],{"text":644,"type":590},"Last year, the EU initiated a probe into state subsidisation of Chinese EVs being exported to the EU. The probe has found “sufficient evidence” that these subsidies are unfair and could cause “injury” to the market that is “difficult to repair.”",{"type":585,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":590},"The provisional conclusion of this investigation quantified the extent to which certain automakers were being subsidised. The level of subsidisation found will be used as the additional duty imposed on top of the existing 10% duty.",{"type":585,"attrs":651,"content":652},{"textAlign":49},[653,658],{"text":552,"type":590,"marks":654},[655],{"type":595,"attrs":656},{"href":657,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/search/tag/byd?items_per_page=12&page_offset=0&tags[]=byd",{"text":659,"type":590},", Geely and SAIC were individually assessed and will face additional duties of 17.4%, 20% and 38.1%. Companies which were not sampled but did comply with the EU’s investigation will receive a duty of 21%.",{"type":585,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":590},"Non-sampled companies that also did not comply with the investigation will face the maximum 38% additional duty.",{"type":634,"attrs":666,"content":667},{"level":636,"textAlign":49},[668],{"text":669,"type":590},"Are Western automakers impacted?",{"type":585,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":590},"Notably, Western automakers operating in China are not exempt from the EU’s proposed additional duties. The Chinese arm of Germany’s BMW and Tesla China will both face 21% additional duties.",{"type":585,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":590},"“This explains why Germany is opposed to these duties. German car manufacturers are still investing in China, especially in R&D and innovation,” Bryan Bille, a policy analyst at Benchmark, said.",{"type":634,"attrs":681,"content":682},{"level":636,"textAlign":49},[683],{"text":684,"type":590},"What happens next?",{"type":585,"attrs":686,"content":687},{"textAlign":49},[688],{"text":689,"type":590},"The announced duties are at the pre-disclosure stage and could change if factual errors are found in the Commission’s calculations. The Commission must publish the provisional duties by 4 July.",{"type":585,"attrs":691,"content":692},{"textAlign":49},[693],{"text":694,"type":590},"These provisional duties will then enter into force the next day and a decision on the final determination of the countervailing duties must then be made by 2 November this year.",{"type":585,"attrs":696,"content":697},{"textAlign":49},[698],{"text":699,"type":590},"The additional duties would remain in place for up to five years.",{"type":634,"attrs":701,"content":702},{"level":636,"textAlign":49},[703],{"text":704,"type":590},"Can the automakers have their additional duties changed?",{"type":585,"attrs":706,"content":707},{"textAlign":49},[708],{"text":709,"type":590},"One potential change will be Tesla’s additional duty which currently sits at 21%. The company made a “substantiated request” and may receive an individually calculated duty rate before the rates become definitive.",{"type":585,"attrs":711,"content":712},{"textAlign":49},[713],{"text":714,"type":590},"Other companies wishing for individually calculated rates are now too late for this to occur and the duties are imposed. However, they can request an “accelerated review” after the rates become definitive.",{"type":585,"attrs":716,"content":717},{"textAlign":49},[718],{"text":719,"type":590},"The Commission would then have nine months to carry out its assessment.",{"type":634,"attrs":721,"content":722},{"level":636,"textAlign":49},[723],{"text":724,"type":590},"How many EVs does China export to the EU?",{"type":585,"attrs":726,"content":727},{"textAlign":49},[728],{"text":729,"type":590},"In 2023, China exported 482,000 EVs to the European Union, according to GACC data, up 47% from 2022.",{"type":585,"attrs":731,"content":732},{"textAlign":49},[733],{"text":734,"type":590},"Exports of EVs from China into the EU peaked in the second quarter of 2023. Such exports in the first quarter of 2024 were down 11% compared to the same quarter in 2023.",{"type":585,"attrs":736,"content":737},{"textAlign":49},[738],{"type":628,"attrs":739},{"id":49,"alt":740,"src":741,"title":49,"source":49,"copyright":49,"meta_data":742},"Exports of EVs from China to the EU","https://a.storyblok.com/f/287943243085208/e75eca4106/bm-china-eu-ev-exports.png",{},{"type":634,"attrs":744,"content":745},{"level":636,"textAlign":49},[746],{"text":747,"type":590},"Is this similar to the US’ approach?",{"type":585,"attrs":749,"content":750},{"textAlign":49},[751],{"text":752,"type":590},"Last month, the US imposed a 100% tariff on all EVs imported from China in addition to the base 2.5% tariff–a far more aggressive approach than that of the EU.",{"type":585,"attrs":754,"content":755},{"textAlign":49},[756],{"text":757,"type":590},"“Contrary to the US confrontational approach, the EU approach seems to be carefully calibrated, differentiating between various EV manufacturers in China, and creating a balance between additional protection for domestic EV producers and not being too antagonistic towards China,” Bille said. “In addition, the EU still wants to act within the World Trade Organisation context.”",{"type":585,"attrs":759,"content":760},{"textAlign":49},[761],{"text":762,"type":590,"marks":763},"Benchmark’s webinar on Thursday 27 June will examine EU tariffs in more detail as part of a wider discussion on policy announcements set to impact the global EV industry.",[764],{"type":765},"italic",{"type":585,"attrs":767,"content":768},{"textAlign":49},[769,773,777,781,785,792],{"text":770,"type":590,"marks":771},"Join us on Thursday 27 June at 07:00 or 15:00 (GMT+1) for our webinar: ‘",[772],{"type":765},{"text":774,"type":590,"marks":775},"Can US & EU Policy Derail China’s EV Supply Chain Dominance",[776],{"type":765},{"text":778,"type":590,"marks":779},"?",[780],{"type":765},{"text":782,"type":590,"marks":783},"‘  – ",[784],{"type":765},{"text":786,"type":590,"marks":787},"click here to register",[788,791],{"type":595,"attrs":789},{"href":790,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://www.benchmarkminerals.com/events/can-us-eu-policy-derail-chinas-ev-supply-chain-dominance/",{"type":765},{"text":793,"type":590,"marks":794},".",[795],{"type":765},{"type":585,"attrs":797,"content":798},{"textAlign":49},[799],{"text":800,"type":590,"marks":801},"Benchmark presentations will be followed by a panel discussion featuring Julia Poliscanova, Senior Director at Transport and Environment (T&E).",[802],{"type":765},"The European Union has announced it intends to impose additional duties of up to 38.1% on imports of battery electric vehicles from China. These are on top of the existing 10% tariffs currently in place. This marks the latest geopolitical escalation in China-West relations in the EV supply chain, after the US imposed 100% tariffs […]",[805],{"slug":573,"name":574,"content":806},{"job_title":576,"image":807,"bio":579,"linkedin":580},{"filename":578},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"e7f8357e-00ff-44d0-b9c2-32fa5ccc6cc8\", \"id\": \"\"}-->","article",[811,814,817],{"slug":812,"name":813},"batteries","Batteries",{"slug":815,"name":816},"ev","EV",{"slug":818,"name":819},"geopolitics","Geopolitics","private",{"id":49,"alt":822,"name":630,"focus":630,"title":822,"source":630,"filename":631,"copyright":630,"fieldtype":823,"meta_data":824,"is_external_url":51},"EU could impose almost 50% tariffs on some Chinese EV imports","asset",{"alt":822,"title":822,"source":630,"copyright":630},{"id":49,"alt":630,"name":630,"focus":630,"title":630,"source":630,"filename":826,"copyright":630,"fieldtype":823,"meta_data":827,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/dbe7bd2242/bm-cars-in-a-grid-13194241845e.jpg",{"alt":630,"title":630,"source":630,"copyright":630},"Jun 13, 2024","13th June 2024",[],[],1784908371439]