Gisi Automobile News According to a Reuters report on June 9, Volvo Cars expects the EU to impose additional tariffs on electric vehicles imported from China and has begun to transfer its electric vehicle production in China to Belgium.
Foreign media quoted sources from Volvo Cars as saying that the company had considered stopping selling electric vehicles produced in China in Europe if the EU imposed tariffs on Chinese electric vehicles.
However, foreign media added that if production of Volvo EX30 and EX90 models is transferred from China to Belgium, Volvo will not need to suspend sales of electric vehicles produced in China.
Now Volvo insists that it will no longer consider doing so.
Volvo EX30.
Photo source: Volvo, it is also reported that production of some Volvo models shipped to the UK may also be transferred to Belgium.
Volvo did not immediately respond to Reuters ‘request for comment in response to the report.
, Last year, the European Commission, which oversees trade policies among the 27-nation European Union, launched an investigation into whether pure electric vehicles produced in China were unfairly subsidized and whether additional tariffs were necessary on Chinese electric vehicles.
This countervailing investigation will be officially launched on October 4, 2023 and will end within up to 13 months after its launch.
The committee can impose temporary tariffs within nine months of the start of the investigation.
, The move further exacerbated tensions between China and the European Union.
Currently, the EU is seeking to reduce its dependence on China, the world’s second-largest economy, especially for materials and products needed for the green energy transition.
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