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20 days ago
BMW in talks with EU on tariff exemption for 'Made in China' Minis, Handelsblatt reports
Summary
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BERLIN, Feb 25 (Reuters) - BMW and the European Commission are in talks about a possible minimum pricing model that could replace EU tariffs on the German carmaker's Chinese-made Mini electric vehicles, Germany's Handelsblatt business daily reported on Tuesday.
This follows an agreement struck between Brussels and Volkswagen earlier in February, under which the group's SEAT/Cupra brand secured a tariff exemption for its all-electric Tavascan SUV coupe following months of discussions.
Similar deals could follow, with Chinese carmakers also thought to be eyeing exemptions for their EU-bound EVs.
BMW and Brussels are negotiating a solution involving a minimum import price, Handelsblatt reported, citing two people familiar with the matter.
A BMW spokesperson declined to comment on the report.
The European Commission had no immediate comment.
BMW is separately challenging the EU tariffs in a legal case with other carmakers.
The EU imposed tariffs on China-made EVs at the end of October 2024 after an anti-subsidy investigation. The rate for BMW, which manufactures the electric Mini Cooper and electric Mini Aceman in China, is 20.7%.
(Additional reporting by Philip Blenkinsop in BrusselsReporting by Rachel More and Christina AmannEditing by Madeline Chambers)
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BERLIN, Feb 25 (Reuters) - BMW and the European Commission are in talks about a possible minimum pricing model that could replace EU tariffs on the German carmaker's Chinese-made Mini electric vehicles, Germany's Handelsblatt business daily reported on Tuesday.
This follows an agreement struck between Brussels and Volkswagen earlier in February, under which the group's SEAT/Cupra brand secured a tariff exemption for its all-electric Tavascan SUV coupe following months of discussions.
Similar deals could follow, with Chinese carmakers also thought to be eyeing exemptions for their EU-bound EVs.
BMW and Brussels are negotiating a solution involving a minimum import price, Handelsblatt reported, citing two people familiar with the matter.
A BMW spokesperson declined to comment on the report.
The European Commission had no immediate comment.
BMW is separately challenging the EU tariffs in a legal case with other carmakers.
The EU imposed tariffs on China-made EVs at the end of October 2024 after an anti-subsidy investigation. The rate for BMW, which manufactures the electric Mini Cooper and electric Mini Aceman in China, is 20.7%.
(Additional reporting by Philip Blenkinsop in BrusselsReporting by Rachel More and Christina AmannEditing by Madeline Chambers)
Weʼre unable to load stories right now.
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AI Description
BMW is negotiating with the EU to potentially replace tariffs on its Chinese-made Mini electric vehicles with a minimum pricing model. This follows a similar agreement with Volkswagen for its SEAT/Cupra brand.