European Automobile Manufacturers Association

10/04/2024 | Press release | Distributed by Public on 10/04/2024 04:13

China anti-subsidy investigation: definitive duties

China anti-subsidy investigation: definitive duties

4 October 2024

Brussels, 4 October 2024 - ACEA takes note that the result of the vote by EU member states this morning allows the European Commission to move ahead with its proposal to impose definitive countervailing duties on imports of electric cars manufactured in China.

ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive industry, while healthy competition drives innovation and choice for consumers.

Free and fair trade is essential for ensuring a level playing field for all competitors, but it is only one aspect of global competitiveness. For the European automotive sector to be competitive in the global electric vehicle race, a comprehensive industrial strategy is crucial, as highlighted in the Draghi report. This involves securing access to critical materials and affordable energy, establishing a consistent regulatory framework, expanding charging and hydrogen refilling infrastructure, providing market incentives, and addressing various other key factors.

ACEA expects the regulation imposing the anti-subsidy measures to be published by the end of October. We also acknowledge the ongoing parallel efforts of Brussels and Beijing to negotiate a possible alternative to countervailing duties.

ACEA takes note that the result of the vote by EU member states this morning allows the European Commission to move ahead with its proposal to impose definitive countervailing duties on imports of electric cars manufactured in China.

About ACEA

  • The European Automobile Manufacturers' Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group
  • Visit www.acea.auto for more information about ACEA, and follow us on http://www.twitter.com/ACEA_auto or http://www.linkedin.com/company/ACEA/

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About the EU automobile industry

  • 12.9 million Europeans work in the automotive sector
  • 8.3% of all manufacturing jobs in the EU
  • €392.2 billion in tax revenue for European governments
  • €101.9 billion trade surplus for the European Union
  • Over 7% of EU GDP generated by the auto industry
  • €59.1 billion in R&D spending annually, 31% of EU total