{"id":74553,"date":"2024-07-18T12:19:33","date_gmt":"2024-07-18T16:19:33","guid":{"rendered":"https:\/\/autosector.com\/?p=74553"},"modified":"2024-07-18T12:19:33","modified_gmt":"2024-07-18T16:19:33","slug":"eu-considers-reducing-import-tariffs-on-chinese-evs-for-bmw","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=74553","title":{"rendered":"EU Considers Reducing Import Tariffs on Chinese EVs for BMW"},"content":{"rendered":"

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The European Commission has allegedly signaled to BMW and Volkswagen that it may consider lowering tariffs on the two carmakers\u2019 imports of China-made electric vehicles, according to Reuters<\/em>. The European Commission is willing to classify BMW as cooperating companies, which would make them eligible for a reduced tariff of 20.8% on their China-made models, down from the current planned tariff of 37.6%.<\/p>\n

This potential reclassification would apply to BMW\u2019s China-made electric MINI Cooper (J01 codename)<\/a>. These new Cooper models were not part of Brussels\u2019 sample analysis in the lead-up to the tariff announcement, resulting in their automatic subjection to the highest tariff level. If agreed upon, this compromise by Brussels would mark a significant early concession on tariffs that will offer a great financial relief to BMW.<\/p>\n

For instance, BYD\u2019s cars received a relatively light 17.4% tariff because it cooperated with the investigation and was judged to receive less state aid than some other automakers. Ironically, BMW is one of the German car brands that have opposed the tariffs, not merely because they make importing its own China-built cars to Europe more expensive.<\/p>\n

BMW set a global sales record in 2023 when China was by far its largest individual market. A whopping 826,300 cars were delivered last year, and that wasn\u2019t even the highest number ever. In 2021, BMW sold 847,900 vehicles in the country. With that in mind, it shouldn\u2019t come as a surprise that the company\u2019s CEO revealed plans for further investments in the People\u2019s Republic. As a reminder, the local BMW Brilliance Automotive joint venture was founded back in May 2003. Originally a 50:50 deal,\u00a0BMW increased its share in the JV to 75%<\/a>\u00a0a couple of years ago.<\/p>\n

BMW Group is already investing heavily in their Oxford, UK, plant<\/a> to produce electric vehicles in the future, including the Cooper and Aceman. [Source: Reuters<\/a>]<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The European Commission has allegedly signaled to BMW and Volkswagen that it may consider lowering tariffs on the two carmakers\u2019 imports of China-made electric vehicles, according to Reuters. The European Commission is willing to classify BMW as cooperating companies, which would make them eligible for a reduced tariff of 20.8% on their China-made models, down […]<\/p>\n","protected":false},"author":1,"featured_media":74554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-74553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74553"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/74553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/74554"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}