“Chery Automobile Co. postponed the transfer of electric car production to Europe after the EU imposed tariffs on electric car imports from China.”, — write: www.epravda.com.ua
Chery Automobile Co. postponed the transfer of electric car production to Europe after the EU imposed tariffs on electric car imports from China.
About this informs Bloomberg.
The Chinese automaker plans to start production of its flagship electric vehicle Omoda 5 EV in Spain from October 2025.
Additional EU tariffs of up to 38% on imported Chinese electric cars took effect on a temporary basis in July, but remain the subject of negotiations between Brussels and Beijing.
The new duties, which are added to the existing 10% import levy, must be finalized by early November, unless a qualified majority of member states object to them.
The tariffs have fueled trade tensions and forced automakers in both Europe and China to reconsider their plans to sell more electric vehicles in the region.
Although Chery, BYD Co. and other Chinese manufacturers opening factories in Europe to avoid tariffs, EU officials have warned that they will be subject to minimum levels of local value-added creation.
Spain expects Chery to restore more than a thousand jobs at a former Nissan Motor Co. plant. in Barcelona.
Chery has reportedly said it will increase its investment in Spain.
In ongoing talks, Beijing and Brussels are exploring whether an agreement can be reached to control prices and volumes and prevent the introduction of anti-subsidy tariffs.
The company is expected to produce 150,000 cars in Spain by 2029 and rehire 1,250 workers who were laid off as part of Nissan’s plant closure four years ago.
We will remind:
Chery Auto is ready spend billions of euros for European customers to accept its brands.
China’s Omoda last month overtook for sales in Spain, Tesla, Fiat and Jeep received a significant increase in sales.