Connect with us

Hi, what are you looking for?

Editor's Pick

BMW joins Chinese EV makers in filing EU court challenge to tariffs

BRUSSELS (Reuters) – BMW (ETR:BMWG) has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court’s website.

The EU imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation. The rate for BMW, which manufactures the electric Mini Cooper and electric Mini Aceman in China, is 20.7%.

The court document showed the German automaker lodged its complaints at the General Court, the lower of two CJEU chambers, on Tuesday, a day before the deadline for filing challenges. Proceedings at the General Court last on average 18 months and can be appealed.

No further details of the cases were given.

Chinese electric vehicle makers BYD (SZ:002594), Geely and SAIC and auto sector body CCCME have also challenged the EU’s import tariffs at the court.

This post appeared first on investing.com

You May Also Like

Editor's Pick

Tennessee GOP Mother’s Unwavering Determination to Push for Gun Control Reform Inspires Change Introduction: In a state where lawmakers have repeatedly refused to take...

Politics

The Surge of Dark Money: Top Democratic Committees Amass Millions in Untraceable Funds Introduction: In the realm of political campaigns, the influence of money...

Investing

Rural Town Embraces Change: Navigating Tyson Plant Closure Amidst Manufacturing Boom Introduction: In a rapidly changing economic landscape, rural communities often face unique challenges....

Economy

The Game-Changer: FedNow’s Long-Awaited Arrival Revolutionizes the Payment Landscape Introduction: In a world where instant gratification has become the norm, the Federal Reserve’s recent...