EU says it has rejected minimum price offers from Chinese EV exporters
by Reuters Sep 12, 2024
The European Commission said on Thursday it had received offers from electric vehicle makers in China for minimum import prices into the European Union, but had rejected all of them.
The Commission said that several EV exporters had submitted price undertakings - a commitment by an exporter to respect minimum import prices in order to offset subsidies.
"Our review focused on whether the offers would eliminate the injurious effects of subsidies and could be effectively monitored and enforced. The Commission has concluded that none of the offers met these requirements," a Commission spokesperson said.
Reuters
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