BREAKING: China, EU reach consensus on price undertakings for Chinese EV exports
CnEVPost••business
Key Points:
- China and the EU have agreed on general guidance for price undertakings concerning Chinese passenger battery electric vehicle (BEV) exports to the EU, aiming to replace additional tariffs with WTO-compliant measures.
- The EU will issue a Guidance Document to assess price undertaking offers based on legal criteria, ensuring non-discrimination and adherence to WTO rules.
- This agreement follows an EU anti-subsidy investigation launched in October 2023, which led to additional tariffs ranging from 7.8% to 20.7% on various Chinese EV manufacturers.
- The China Chamber of Commerce to the European Union (CCCEU) welcomed the consensus as a "soft landing," emphasizing it will enhance market confidence and foster deeper China-EU cooperation
