Chinese automakers, including BYD, SAIC, and Geely, are ramping up hybrid exports to Europe as a strategic response to the EU's newly implemented tariffs on electric vehicles from China, which can reach up to 45.3%. This shift is crucial for maintaining competitiveness in the European market, particularly in the wake of tariff measures that target fully electric vehicles. The hybrid models allow these automakers to leverage a loophole in the EU tariff structure while negotiations continue over a potential compromise.
The European Union's tariffs on electric vehicles from China, effective from late October, have prompted a dramatic increase in hybrid vehicle exports. China is currently navigating a complex landscape, having lodged a complaint with the World Trade Organization regarding the tariff measures. While these tariffs aim to protect local manufacturers, they have inadvertently pushed Chinese automakers to diversify their offerings and focus on hybrid technology as a means to circumvent the financial barrier imposed on fully electric vehicle imports.
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