China anti-subsidy investigation: provisional duties
Brussels, 12 June 2024 – ACEA takes note that the European Commission has decided to impose provisional countervailing duties on imports of electric cars manufactured in China, based on initial findings of an anti-subsidy investigation initiated last year.
ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive industry, while healthy competition drives innovation and choice for consumers.
Free and fair trade means guaranteeing a level playing field for all competitors, but it is just one important part of the global competitiveness puzzle. “What the European automotive sector needs above all else to be globally competitive is a robust industrial strategy for electromobility,” stated ACEA Director General, Sigrid de Vries.
“This means ensuring access to critical materials and affordable energy, a coherent regulatory framework, sufficient charging and hydrogen refilling infrastructure, market incentives, and so much more.”
The investigation will continue for several months until the Commission decides whether to propose definitive anti-subsidy measures. Member states will then vote on such a proposal.
About ACEA
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group
- Visit www.acea.auto for more information about ACEA, and follow us on http://www.twitter.com/ACEA_auto or http://www.linkedin.com/company/ACEA/
About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total
