Saturday, September 7, 2024

BMW Urges Brussels for Lower Tariffs on China-Made Electric Mini Imports

BMW has formally requested the European Commission to reconsider the tariff structure for its electric Mini vehicles manufactured in China, seeking a reduction from the current rate of 37.6% to 20.8%, according to sources familiar with the matter.

The request comes in response to the European Commission’s recent imposition of provisional duties on electric vehicle imports from China. BMW’s electric Mini, produced in China for only a short period, was not included in the initial sample analysis conducted by Brussels prior to the tariff announcement.

Sources close to the situation indicate that BMW is confident the electric Mini will qualify for reduced tariffs once the Commission initiates an official review process for new market entrants. This process is expected to commence in the fall following the finalization of definitive duty rates.

The move underscores BMW’s strategic efforts to navigate the complex regulatory landscape governing electric vehicle imports into Europe. As the automotive industry continues to grapple with evolving trade policies and market dynamics, BMW’s initiative aims to secure competitive import conditions for its latest electric vehicle offerings.

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