August 30, 2024: The European Commission this week announced revised tariffs on Chinese imported EVs and their batteries after reviewing feedback on the import duties introduced on July 5.

The new tariffs include reductions for manufacturers that did not cooperate and were not sampled during the investigation, such as SAIC, Geely, and BYD.

According to research consultancy RHO, the company most set to gain from the changes is Tesla whose previous rate of 20.8%, has been reduced to 9%, the lowest rate among the tariffs. Tariffs have been slightly reduced for SAIC to 36.3%, Geely to 19.3%, and BYD to 17.0%. Meanwhile, tariffs for manufacturers that cooperated but were not sampled have been increased to 21.3%.

“The revised tariffs also introduce a ‘new exporter’ rate, set at the same level as that for cooperating but unsampled OEMs—an additional 21.3%,” says the consultancy. “This category includes several Chinese exporting producers, including joint ventures with EU producers, that were not exporting during the initial investigation period. These companies, who would have otherwise faced the higher residual duty rate, have requested inclusion on the list of cooperating producers to benefit from the lower duty rate.

“Another decision made is not to retroactively collect countervailing duties.”

Interested parties had until today August 30 to comment on the new amendments.