BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”
According to slides released on BMW's website, the automaker anticipates its full-year margin to be in the lower half of its 6-7% target
Tesla, BMW challenge EU tariffs on China-made EVs. EV success: Norway on track to be first country to go fully electric. Smithfield Foods prices IPO at $20 per share
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court's website.
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%. Olof Gill, spokesperson for the European Commission (EC), confirmed earlier this week that the EU is prepared to respond to the case in court.
Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court's website on Monday.
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
TSLA joins BMW and several Chinese manufacturers in challenging EU tariffs on China-made electric vehicles at the CJEU.
German carmaker BMW called Tuesday for the European Union to lower tariffs on vehicles imported from the United States, as President Donald Trump threatens to hit the bloc with new duties. The manufacturer said CEO Oliver Zipse is set to put the proposal forward at a meeting of Europe’s biggest carmakers with EU officials in Brussels on Thursday.
Elon Musk’s Tesla and Bayerische Motoren Werke AG (BMW) have sued the European Union’s (EU) executive, adding to a flurry of cases by Chinese carmakers attacking tariffs peaking at 45% on imports of electric vehicles (EVs) into the bloc.