The European Commission accepts the public commitment on the price of Chinese-made pure electric vehicles

According to the EU-China Chamber of Commerce, the European Commission announced on February 10th that it has accepted Volkswagen’s price commitment regarding the export of pure electric vehicles. Under this decision, Volkswagen (Anhui) Co., Ltd. may export its CUPRA Tavascan model to the EU at its proposed minimum import price or higher, and will be exempt from the anti-subsidy duties previously imposed on imports of pure electric vehicles from China.

The European Commission stated that the price commitment was proposed by Volkswagen and its affiliated entity in the EU—SEAT S.A. located in Martorell, Spain. After completing the relevant investigation, the Commission concluded that the price floor set by Volkswagen for this specific model would not harm the EU industry, and therefore decided to accept it.

In addition to selling at the minimum import price, Volkswagen also commits to limit the volume of exports to the EU and will invest in a series of significant projects related to pure electric vehicles within the EU. These investments will include clear phased targets to support the EU industrial strategy and promote alignment with the EU’s climate transition goals.

The European Commission pointed out that the price commitment is a voluntary arrangement whereby the exporter agrees to sell products subject to anti-subsidy measures to the EU at no less than the minimum import price. In return, the exporter will be exempt from paying the relevant anti-subsidy duties. If the commitments are not fulfilled, including failure to meet the agreed investment milestones, the Commission may revoke the commitment and retroactively restore the duties.

Source: Jiemian News

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