Overview
- The European Commission issued formal guidance enabling Chinese EV exporters to submit price undertaking offers as potential alternatives to existing countervailing duties.
- The document sets Minimum Import Prices high enough to remove subsidy injury and requires model- and configuration-specific pricing with monitoring and verification.
- Two calculation paths are outlined for MIPs: exporter CIF prices plus the duty margin or parity with comparable non‑subsidised EU-produced BEV prices.
- Any accepted offer would be enacted through an Implementing Decision and needs approval by EU member states under comitology, so current duties remain in force until then.
- China’s Commerce Ministry said a deal on steps with the EU has been reached and flagged EU minimum‑pricing guidelines, while duty rates imposed in 2024 still apply, with combined tariffs reaching up to 45.3% and manufacturers accelerating European production plans.