Survey: EU countervailing investigation has cooled China’s electric vehicle industry’s willingness to invest in Europe

According to foreign media reports, on June 19, a survey of Chinese electric vehicle companies showed that the EU’s countervailing investigation on Chinese electric vehicles has affected the sales of electric vehicles by Chinese companies and damaged their investment in Europe.

Confidence.

, A survey by the European Chamber of Commerce in China and the China Economic Information Service shows that about 82% of Chinese complete vehicle and industrial chain companies said that countervailing investigations have weakened their confidence in investing in Europe in the near future.

A total of 73% of the companies surveyed said that the EU survey had led to a decline in their sales in the European market.

The vast majority of companies said cooperation with European partners such as distributors and leasing companies had been delayed or scaled back, and the EU investigation had damaged the image of Chinese brands in Europe and made it more difficult for them to attract top European talent.

Photo source: BYD, the European Commission responsible for overseeing trade policies among the 27-nation European Union, said last week that it plans to impose additional tariffs of up to 38.

1% on cars produced in China by Chinese carmakers such as BYD, Geely and SAIC, as well as Tesla and other Western carmakers.

, Domestic media reported on June 19 that Chinese car companies have urged the Chinese government to impose additional tariffs on imported European gasoline-powered vehicles.

Despite this, the survey found that Chinese electric vehicle manufacturers are still committed to making Europe an important strategic market and expanding their operations in Europe, with most of them planning to build factories in Europe within the next five years.

The report said: “Although strengthening localized production in Europe remains a long-term strategic goal of these companies, the EU’s actions have clearly curbed their enthusiasm.

” Return to the first electric network home page>,.

Link to this article: https://evcnd.com/survey-eu-countervailing-investigation-has-cooled-chinas-electric-vehicle-industrys-willingness-to-invest-in-europe/

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