BYD, Geely, SAIC Contest EU’s High EV Tariffs In Court

Three Chinese electric vehicle makers contested the EU’s import duties at the union’s Court of Justice.
According to Reuters, BYD Co (OTC:BYDDF) (OTC:BYDDY), Geely Automobile Holdings (OTC:GELYF) (OTC:GELYY), and SAIC Motor (Shanghai Automotive Industry Corporation) oppose EU-imposed taxes. BYD has a 17% tariff, Greely 18.8%, and SAIC, 35.3% (in addition to its car import duty of 10%).
After an anti-subsidy investigation, the EU imposed a tax on China-made EVs in October.
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China-based EV makers flagged the exclusion of leading …Full story available on Benzinga.com

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