Electric-vehicle maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely Holding Group Co., to avoid European Union tariffs and further its international expansion.
All of the high-end EV brand’s vehicles are currently manufactured in China and face a 19.9% provisional duty on imports into the EU, which has accused Chinese manufacturers of having an unfair advantage due to state subsidies. The decision on whether to make the tariff final is due in November. Other countries, including the US and Turkey, have also hiked import tariffs on Chinese vehicles this year.
Source link : https://www.bloomberg.com/news/articles/2024-07-19/geely-s-zeekr-considers-building-evs-in-europe-to-avoid-tariffs
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Publish date : 2024-07-19 12:30:00
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