EU Commission discloses to interested parties draft definitive findings of anti-subsidy investigation into imports of battery electric vehicles from China
- "The main novelties in the disclosure of the draft definitive findings - which are still subject to change based on substantiated comments by interested parties -- are as follows:
A slight adjustment of the proposed duty rates based on substantiated comments on the provisional measures received from interested parties, as well as the conclusion of investigative steps that had not yet been finalised at provisional stage:- BYD: 17,0% (BYDDY).
- Geely: 19,3% (GELYY)
- SAIC: 36,3%
- Other cooperating companies: 21,3%
- All other non-cooperating companies: 36,3%;
- The decision to grant an individual duty rate to Tesla as an exporter from China, established at 9%, at this stage;
The possibility for several Chinese exporters and certain joint ventures with EU producers -- which did not yet export at the time of the investigation period -- to benefit from the lower duty rate foreseen for their related cooperating companies; and - The decision not to retroactively collect countervailing duties."