Under stricter European Union regulations taking effect this year, automakers selling cars in Europe face large penalties if their vehicle
TSLA joins BMW and several Chinese manufacturers in challenging EU tariffs on China-made electric vehicles at the CJEU.
BYD, Geely, SAIC and BMW are challenging the EU’s decision to apply up to 35.3 percent tariffs on cars entering the region
The European automotive industry faces rising tensions as BMW and Tesla Shanghai file lawsuits against the European Commission
Tesla is challenging the European Union in court over the tariffs imposed on its Chinese electric vehicles despite getting
European carmakers are urging Brussels to ease regulations to help them avoid buying carbon credits from rivals in increasingly large amounts.
The EU starts a probe January 30 into its troubled automotive industry. Automakers want relief from the existential threat of tightening CO2 rules.
China’s BYD, Geely, and SAIC have filed complaints at the Court of Justice of the European Union (CJEU) against the European Commission, seeking to avoid
The EU imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation, including 17 per cent for BYD, 18.8 per cent for Geely and 35.3 per cent for SAIC, on top of the EU's standard car import duty of 10 per cent.
Tesla, meanwhile, benefits significantly from carbon credit sales. In 2023, the company earned $1.79 billion from credits, and its income from such sales more than doubled to $2.8 billion last year.
Tesla and Chinese car manufacturers could gain a major advantage from new European Union (EU) emissions regulations, while European automake..|News Track