What major events have happened in the automobile industry at home and abroad this week? Up to 38%, EU tariff on Chinese electric vehicles landed! On June 12, the European Commission issued a paper announcing the preliminary results of a countervailing investigation into electric vehicles in China: “China’s pure electric vehicle value chain benefits from unfair subsidies and poses a threat of economic damage to EU electric vehicle manufacturers.
” Against this backdrop, the EU disclosed the level of temporary tariffs to be imposed on Chinese electric vehicles.
Source: European Commission, in which tariffs of 17.
4%, 20% and 38.
1% are imposed on BYD, Geely and SAIC which have cooperated with the sample survey.
in addition, a weighted average tax of 21% will be imposed on Chinese electric vehicle manufacturers that cooperate with the EU survey but have not yet been sampled.
and 38.
1% tariff will be imposed on other Chinese electric vehicle manufacturers that have not cooperated with the survey.
Tesla, who makes electric cars in China, is likely to receive a separate tax rate in the final stage.
The European Commission has contacted the Chinese authorities to discuss the preliminary findings and decisions of countervailing investigations and to explore possible ways to resolve the problems identified in a manner consistent with WTO requirements.
If discussions with the Chinese authorities fail to reach an effective solution, the above tariffs will be formally levied in the form of guarantee on July 4 on the basis of the existing 10% tariff in the European Union (the specific form will be decided by the customs of each member state).
Meanwhile, the EU countervailing investigation into Chinese electric vehicles will continue until November 2, when final tariffs, usually five years, are likely to be imposed.
In response, Volvo, SAIC Mingjue and Chery have all made corresponding business adjustments, such as Volvo will transfer electric vehicle production to Belgium, SAIC plans to produce Mingjue electric vehicles in Europe, and Chery will continue to press ahead with its expansion plans in Europe.
The world comments: breaking trade rules harms others and harms yourself.
Turkey will impose a 40 per cent tariff on all Chinese imports, and the Turkish Ministry of Trade said on June 8 that it would impose a 40 per cent tariff on all cars bought from China to curb imports, protect domestic carmakers and reduce the current account deficit.
Last year, Turkey had a current trade deficit of $45.
2 billion.
, screenshot of foreign media news reports.
photo source: European Automotive News, “Turkey will also impose additional tariffs on traditional and hybrid passenger cars imported from China to increase and protect the share of domestic car production and increase exports.
” Turkey’s Ministry of Trade said in a statement.
The department added that the decision to increase tariffs was made taking into account the current account deficit target and efforts to encourage domestic investment and production.
The Turkish government is taking measures to maintain a tight monetary policy, strengthen the fiscal position and reduce the current account deficit to cope with inflation of about 75.
5% at the end of May.
Global comments: the new tariff may cause a certain blow in the short term, and independent brands can actively explore new models to avoid.
The first car of Xiaopeng MONA series was named “M03”.
He Xiaopeng previously said that “sales are expected to be better than Xiaomi SU7”.
On June 11, Xiaopeng announced that the first model of the MONA series was officially named “Xiaopeng M03”.
Photo: Xiaopeng Motor, April 25 this year, Xiaopeng Motor announced its new brand MONA (full name “Made Of New AI”), positioning the global popularity of AI smart cars.
Then, in May, the first MONA car was produced in Xiaopeng Zhaoqing factory.
The trial production has been taken off the line and will soon enter the PT2 (Production Trial 2) phase, with battery suppliers including BYD.
After completing the PT2, the MONA will enter pre-production (PP) and small batch production (SOP).
During Xiaopeng’s third quarter 2023 earnings call, he Xiaopeng revealed that the first MONA model will be available in the third quarter of 2024 at a price level of 150000.
Sales are expected to surpass that of Xiaomi SU7 in the second half of this year.
In addition, three models have been planned for the MONA platform, and the second model will be on the market next year, with a positioning of less than 150000 yuan.
According to its expectations, MONA’s annual sales target is at least more than 100000 vehicles.
, Gaishi comments: Xiaomi SU7’s strong rival? Toyota lost more than $15 billion in market value last week as a result of the test fraud scandal, and shares of Toyota, Japan’s largest carmaker, fell more than 5.
4% last week, wiping out 2.
45 trillion yen ($15.
62 billion) in market value since the scandal broke on June 3.
Over the same period, the share price of Mazda, Japan’s second-largest carmaker, fell 7.
7%, and its market capitalization lost 80.
33 billion yen last week.
In addition to Toyota and Mazda, extensive inspections by Japan’s Ministry of Land and Transport also found irregularities in certification applications by automakers such as Honda, Suzuki and Yamaha.
Photo: Toyota, Toyota Chairman Akio Toyoda (Akio Toyoda) apologized to the company’s customers and stakeholders and admitted that the company’s seven models were “tested using different methods than the standards set by the national authorities.
” In addition, Mazda said it had suspended production of the Roadster RF and Mazda 2 from May 30.
However, both companies say customers can continue to drive their cars.
Japan’s Ministry of Land and Transport said it would conduct on-site inspections of five companies that had been reported for wrongdoing.
Gaishi comments: it is too easy to bow and apologize.
Where is the credibility of the country? Evergrande was ordered to stop production and sales and return 1.
9 billion yuan in subsidies.
On June 12, Evergrande issued an announcement on the Hong Kong Stock Exchange.
it was disclosed that its subsidiary Evergrande New Energy vehicle (Tianjin) Co., Ltd. (hereinafter referred to as “Tianjin Evergrande”) received a notice from the relevant departments recently.
Source: screenshot of the announcement, according to the notice, after verifying the production access conditions of new energy passenger car products of Evergrande in Tianjin, the relevant department raised three issues requiring rectification.
It is proposed to order Tianjin Evergrande to stop the production and sale of new energy passenger car products and carry out rectification and reform.
It is reported that during the rectification and reform period, the relevant department will suspend the acceptance of Tianjin Evergrande’s declaration of new products for new energy passenger vehicles and the transmission of electronic information on the qualification certificate of new energy passenger vehicles, which will be restored after the rectification and reform is completed and the production access conditions are met through review.
Evergrande Motor said that it attached great importance to the department’s inspection of Tianjin Evergrande and actively rectified the problem after its verification.
At the same time, Evergrande’s announcement also said that the relevant subsidiaries recently received a letter from the relevant local administrative department and a notice from another department requesting the return of 1.
9 billion yuan in subsidies.
Global comments: under the double blow, Evergrande began the countdown to bankruptcy? New development of black sesame intelligent IPO: throughHong Kong Stock Exchange listing hearing.
On June 12, Black Sesame Intelligent officially passed the Hong Kong Stock Exchange listing hearing, taking an important step towards landing in Hong Kong stocks.
, As one of the major players in the domestic autonomous driving chip field, and also the first company to officially submit A-1 listing documents based on the Hong Kong Stock Exchange Rule 18C came into effect on March 31, 2023, Black Sesame Intelligent submitted its first statement to the Hong Kong Stock Exchange on June 30, 2023, aiming for the “first share of domestic autonomous driving computing chips.
” Gaishi Comments: The car core industry has entered a decisive period for mass production.
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