EU Rejects China's Minimum Price Proposal for Imported EVs

The European Commission dismissed China's bid to set a €30,000 price floor amid ongoing anti-subsidy investigations.

The European Commission is investigating claims that Chinese EV manufacturers benefit from subsidies, allowing them to undercut European carmakers.
Brussels' rejection of the minimum price proposal comes as both sides face a looming deadline to avoid tariffs of up to 45% on Chinese EVs starting October 31.
Chinese automakers like BYD and SAIC are pricing their EVs just above €30,000 in Europe, despite selling them for much less in China.
The EU's proposed tariffs have divided member states, with countries like Italy and France supporting them, while Germany and others oppose.
Negotiations continue as both parties seek a compromise, with discussions focusing on potential flexible pricing commitments and import quotas.