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EU Prepares to Extend Tariffs on China-Made Vehicles to PHEVs: Report
The European Union is preparing to impose countervailing duties on plug-in hybrid vehicles (PHEV) imported from China, the Handelsblatt reported on Thursday evening, citing high-ranking EU officials and industry sources. Three people involved in the process told the German newspaper that an anti-subsidy investigation has already been prepared, allowing the European Commission to move quickly once a majority of EU member states give their approval. The move would target vehicles from Chinese manufacturers including BYD, Chery, and SAIC, the parent company of MG. The planned action aims to close a loophole that Chinese ... (full story)