Advertisement
Australia markets open in 2 hours 47 minutes
  • ALL ORDS

    8,243.30
    -19.10 (-0.23%)
     
  • AUD/USD

    0.6737
    -0.0028 (-0.41%)
     
  • ASX 200

    7,999.30
    -18.30 (-0.23%)
     
  • OIL

    80.82
    -1.09 (-1.33%)
     
  • GOLD

    2,473.60
    +44.70 (+1.84%)
     
  • Bitcoin AUD

    95,884.05
    +1,148.97 (+1.21%)
     
  • CMC Crypto 200

    1,346.54
    +5.57 (+0.42%)
     

China's Geely expresses disappointment in EU tariff decision, vows 'necessary measures' to safeguard rights

A view shows the logo of Chinese automobile manufacturer Geely at a dealership in Moscow

BEIJING (Reuters) - Chinese automaker Geely on Thursday expressed "great disappointment" in the European Union's decision to increase tariffs on Chinese-made electric vehicles, vowing "all necessary measures" to safeguard its legitimate rights.

"We call on the European Commission to carefully consider its decision, listen to the concerns of all parties, and work together to find a solution that promotes fair competition, whilst creating a constructive environment for long-term sustainable development," it said in a statement.

Geely would be subject to a 20% additional duty rate from next month as Brussels decided on additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC , on top of the existing 10% car duty.

(Reporting by Beijing newsroom; Editing by Tomasz Janowski)