While Chinese automakers continue to grow sales, that may not last long with duties posed to be implemented soon
Chinese automakers make hay while the sun shines before EU tariffs come into play.
-owned MG has shifted its attention towards its combustion offerings in anticipation of the upcoming 38% levy. Volkswagen records strong performance, with the new Golf recording a 30 percent increase YoY. With the EU poised to implement taxes of up to 38 percent on the import of Chinese vehicles, a new study revealed that two in five of Europe's best-selling EVs are of Chinese origin.
, will be on the receiving end of the most punitive levy of 38.1 percent applied to its EVs when the duties come into effect. The move, which will also effect BYD, and Tesla to name a few, comes following a European Commission investigation into Chinese government subsidies. However, it is worth noting that MG's overall business unit managed to outperform Tesla in Europe.
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