BYD, Geely, SAIC and BMW are challenging the EU’s decision to apply up to 35.3 percent tariffs on cars entering the region
Tesla, owned by Elon Musk, is taking the European Union (EU) to court over its tariffs on electric vehicles imported from China. Filed last Wednesday with the European Court of Justice (ECJ) by Tesla’s Shanghai division, the lawsuit comes in the wake of similar legal moves by BMW and other Chinese car manufacturers.
The EU imposed extra tariffs of up to 35% on Chinese-manufactured EVs in October after an anti-subsidy investigation found Chinese state support was unfairly undercutting European automakers.
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
Carmakers are taking legal action against European Union special tariffs on electric cars from China. In addition to Tesla and BMW, Mercedes-Benz is now also taking action against the tariffs before The European Court of Justice,
(Reuters) - BMW expects its earnings before taxes in the fourth quarter to be significantly below last year and for its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the carmaker's website on Tuesday.
Elon Musk’s Tesla and Bayerische Motoren Werke AG (BMW) have sued the European Union’s (EU) executive, adding to a flurry of cases by Chinese carmakers attacking tariffs peaking at 45% on imports of electric vehicles (EVs) into the bloc.
Across Europe, Chinese carmakers held onto 8.2% of the EV market in December — a slight bump up from November but still below the average.
EU promises 'action plan' to help the bloc's beleaguered auto sector, as it holds talks with industry leaders who have sounded the alarm over emissions fines and Chinese competition
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
So-called "rare earth elements" like Neodymium and Dysprosium are important parts of the clean energy supply chain, but they’re mostly produced in China. Phoenix Tailings says their technology can make production safer and bring it to the U.