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EU countervailing duties on Chinese EV imports marginally reduced ahead of crunch talks

By Joanna Sopinska ( September 9, 2024, 19:14 GMT | Insight) -- Geely, Saic, Tesla and other China-based battery EV makers will see slightly lower countervailing EU duties imposed on their exports to the bloc due to revised subsidy margin calculations and some clerical corrections, MLex has learned. The new highest rate has been set at 35.3 percent for all Chinese producers that failed to cooperate in the EU probe, according to a draft seen by MLex. Tesla’s rate will drop to 7.8 percent from 9 percent – the highest planned individual reduction.Geely, Saic, Tesla and other China-based battery electric-vehicle makers will see slightly lower countervailing EU duties imposed on their exports to the bloc due to revised subsidy margin calculations and some clerical corrections, MLex has learned....

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