Space Industry and Business News
TRADE WARS
Chinese state-owned carmaker SAIC demands EU hearing over tariffs
Chinese state-owned carmaker SAIC demands EU hearing over tariffs
by AFP Staff Writers
Beijing (AFP) July 5, 2024

Chinese state-owned auto giant SAIC on Friday demanded a hearing from the European Union over tariffs imposed by Brussels due to Beijing's support for its domestic electric vehicle (EV) manufacturers.

The EU on Thursday slapped extra provisional duties of up to 38 percent on Chinese EV imports after its executive arm, the European Commission, concluded in an investigation last year that they were unfairly undermining European rivals.

Beijing has warned the move could spark a trade war, and automakers including German giant Volkswagen -- which operates a joint venture with SAIC -- criticised the tariffs even as others said they remained committed to the European market.

SAIC said in a statement on Friday that it would "formally request that the European Commission holds a hearing" on the measures to "practically uphold our legal rights and interests and those of our global customers".

The company said the Commission's initial probe had exceeded its scope by intruding on sensitive business information such as chemical formulations for batteries.

It accused the Commission of "committing errors" in calculating subsidy rates, ignoring information submitted by SAIC and making "harmful suppositions" about the company.

The firm attributed its healthy sales in Europe to its investment in research and development.

"SAIC opposes artificially erecting trade barriers on new-energy vehicles and calls for market order based on fair competition," the statement said.

"Only through open dialogue and cooperation can China and the EU... jointly build a global green, low-carbon economy."

Since announcing the planned tariff hike last month -- on top of current import duties of 10 percent -- the Commission has begun talks with Beijing to try to resolve the issue.

China has repeatedly threatened retaliation, and foreign ministry spokeswoman Mao Ning said at a regular press briefing on Friday that Beijing would "take necessary measures" to safeguard its interests.

Volkswagen, Europe's largest carmaker, on Thursday blasted the EU's decision as "detrimental" to the European market.

But Chinese EV makers Nio and XPeng said they had no plans to exit the European market in the wake of the move.

The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.

But the EU faces a delicate balancing act as it seeks to defend Europe's auto industry while avoiding a showdown with China and meeting its targets for slashing carbon emissions.

Brussels has launched a raft of probes targeting Chinese subsidies for solar panels, wind turbines and trains, while Beijing has begun its own investigations into imported European brandy and pork.

mjw/je/sn

Volkswagen

XPENG

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Scholz criticises minister for unapproved deal with China
Berlin (AFP) June 28, 2024
Germany's Chancellor Olaf Scholz criticised Friday his transport minister for making an agreement with China without prior approval from cabinet colleagues, in the latest tensions to hit his fraught coalition. Volker Wissing on Wednesday signed a letter of intent with the head of China's cybersecurity agency, Zhuang Rongwen, on "cross-border data transfers". Although few specifics of the deal were shared, the transport ministry said the memorandum was the next step after Scholz sealed a cooperat ... read more

TRADE WARS
MIT researchers identify routes to stronger titanium alloys

Microsoft to invest 2.2 bn euros in Spain data centres

Scientists probe chilling behavior of promising solid-state cooling material

Thales Alenia Space reveals results of ascend feasibility study on space data centers

TRADE WARS
Frontier Technology Chosen for $1B Military Satellite Software Contract

SES Space and Defense Successfully Demonstrates Multi-orbit, Multi-band LEO Relay

Iridium Secures Five-Year $94 Million Contract with Space Systems Command

EchoStar secures contract to provide 5G to US Navy and agencies

TRADE WARS
TRADE WARS
Lebanon says Israeli GPS jamming confounding ground, air traffic

Green light for Galileo 2nd Generation satellite design

Europe's Largest Ground Segment Upgraded Without User Disruption

Magic Lane secures 3 million euro to enhance location intelligence capabilities

TRADE WARS
Pratt & Whitney Successfully Tests Engine on 100 Percent Sustainable Aviation Fuel

US to send dozens of advanced fighter jets to Japan amid growing Asia tensions

NASA Explores Passenger Comfort in Air Taxi Simulations

UK govt, British Airways sued over 1990 Kuwait hostage crisis

TRADE WARS
High-Performance Hybrid Perovskite-Organic LEDs Achieve Over 40% Efficiency

Trillion-dollar chip giant: Five things to know about TSMC

Is AI a major drain on the world's energy supply?

Google greenhouse gas emissions grow as it powers AI

TRADE WARS
LiveEO raises $25M for AI-powered satellite data for infrastructure and risk management

EarthCARE Satellite's Initial Image Unveils Cloud Structures

Alphabet Soup: NASA's GOLD Finds Surprising C, X Shapes in Atmosphere

Proba-2 captures stunning view of Western Europe

TRADE WARS
Air pollution drives 7% of deaths in big Indian cities: study

Cambodia sentences green campaigners for 'plotting' over activism

Cambodia sentences green campaigners for 'plotting' over activism

Gold mine leak 'poisons' 185 people in ICoast: officials

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.