Mercedes chief expects EU decision on
Chinese EVs tariffs soon
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[June 06, 2024]
BERLIN (Reuters) - Mercedes Benz CEO Ola Kaellenius expects a
decision on EU's import tariffs on Chinese electric vehicles soon, he
said at an industry conference on Thursday.
"A decision is imminent," the German luxury carmaker's chief executive
told the CAR Symposium 2024. |
![](../images/060624PIX/busine91.jpg)
Ola Kaellenius, CEO of Mercedes-Benz Group AG, poses for a picture at
"Factory 56", one of the world's most modern electric and conventional
car assembly halls of German carmaker Mercedes-Benz, in Sindelfingen
near Stuttgart, Germany, March 4, 2024. REUTERS/Wolfgang Rattay/File
Photo |
The
decision was initially due this week but was postponed until
after next week's election in the bloc.
The European Commission, which oversees trade policy in the
27-nation European Union, launched an investigation in October
into whether fully-electric cars manufactured in China were
receiving distortive subsidies and warranted extra tariffs.
Kaellenius once again stressed his stance against restrictions,
but acknowledged that World Trade Organization (WTO) rules are
not keeping some countries from supporting their national
producers.
It is better to counter that with trade stimulus than with
protectionism, especially for Germany, which has a strongly
export-oriented economy, he added.
Mercedes, like its German peers BMW and Volkswagen, heavily
relies on revenues from its biggest market China and produces
some of its models there.
(Reporting by Tom Kaeckenhoff, Ilona Wissenbach, and Philip
Blenkinsop, writing by Andrey Sychev; Editing by Ludwig Burger)
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