Chinese EV Makers Slip Further in Europe Amid Tariff Tussles [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Manufacturers including SAIC Motor Corp.'s MG and BYD Co. accounted for 8.2% of European EV registrations for the period, according to researcher Dataforce. That marked a decline from September's 8.5% and the fourth straight month that market share was below year-earlier levels. After several years of rapid gains in the prized overseas market, the Chinese advance has stalled since July. That was when the European Union set provisional tariffs on Chinese-made EVs that brought import fees to as high as 45%. The added definitive duties took effect on Oct. 30, after months of talks with Beijing and adjustments to the pending rules. “It does not seem that the Chinese OEMs pushed a lot of volume” in October, as they had in June ahead of the original tariff start date, said Julian Litzinger, an analyst with Dataforce. “It will be very interesting to see what happens in November.” Discussions continue between the EU and China, but with little progress evident
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