July 5 Reuters With the European Union39;s extra duties on Chinesemade electric vehicles EVs taking effect on Friday, some carmakers have been considering whether to raise their prices or take other measures in response.
So far, only Tesla has announced plans to increase prices, while Chinese brands MG and NIO suggested they might increase the cost of their cars in Europe later this year.
Analysts think other manufacturers producing in China will also pass on part of the extra cost to consumers.
Below is a list of carmakers39; response to the provisional tariffs, which are set to become definite in November
BYD
The Chinese carmaker, which faces the lowest tariff hike of 17.4 on top of the current 10 duty, has not decided yet whether to hike prices on EVs sold in the EU, sources close to the company told Reuters.
The sources said no decision would be made before the provisional duties took effect.
CHERY AUTO CHERY.UL
The Chinese automaker said its planned EV production in Spain, set up through a joint venture with Spain39;s EV Motors, should help offset tariffs on imports into the EU.
Production at the Barcelonabased site is expected to start by yearend, said Charlie Zhang, the company39;s vice president.
The site is not big enough to accommodate the carmaker39;s medium and longterm production plans in Europe, Zhang added, saying the company was looking for a possible second site.
MG
A spokesman for MG, produced by China39;s SAIC Motor, told Reuters in France…