By South China Morning Post | Created at 2024-11-26 21:21:49 | Updated at 2024-11-26 23:41:30
2 hours ago
The European Union and China are not close to finalising a deal that would end their long-running electric vehicle dispute, according to a senior EU official, who called reports suggesting otherwise “confusing”.
“I think there have been some quite confusing reports about the imminent deal on battery electric vehicles,” said Sabine Weyand, the EU’s director general for trade, said in Brussels on Tuesday.
“We have had 50 hours of discussions with our Chinese counterparts. They were constructive, but they have not led to an agreement on price undertakings. And there are structural issues that remain unresolved,” she said.
The dispute concerns an anti-subsidy investigation conducted over the course of a year by the European Commission. The inquiry found that Beijing had distributed substantial state subsidies across China’s electric vehicle sector and led to the EU imposing countervailing duties on EV imports from China at the end of October.
The commission argues that the subsidies have assisted in China’s enormous growth in the sector and fears that if allowed to continue unfettered, the underpriced imports will harm the sales of Europe’s own EV industry.
The tariffs, which range from 7 per cent for Tesla to a top end of 35.3 per cent for state-owned SAIC, have become a huge bone of contention in the EU-China relationship.
