EU imposes additional tariffs on China-made EVs

business © France24

The European Union has sharply raised import duties on Chinese electric vehicles to address what it sees as unfair competition.Starting Friday, provisional tariffs of up to 37.6% will be imposed on China-made EVs coming into the EU, on top of the standard 10% tariff on imported cars. Meanwhile, China's BYD opened a new factory in Thailand, its first in Southeast Asia, as part of a push to expand its global reach.