Breaking News! Another good message from the EU! The EU has announced the removal of up to 45.3% tariffs on electric vehicles from the Eastern Country, and plans to negotiate a minimum price agreement with them. This move contrasts sharply with the decision last April to impose additional taxes on the Eastern Country's electric vehicles. The German Automotive Industry Association criticized the EU's action as a "mistake," believing it would place the European automotive industry in an even more disadvantageous competitive position. In fact, the price of electric vehicles from the Eastern Country in Europe is about twice as high as in its domestic market, yet there remains strong demand, which prompted the EU to make such a "180-degree turn" decision. Meanwhile, BYD's factory construction in Hungary and CATL supplying BMW and Mercedes-Benz also indicate the reliance and recognition of European car manufacturers on the supply chain of the Eastern Country. It is worth noting that the US has already imposed additional taxes on European cars, which has prompted the EU to seek cooperation with the Eastern Country. Nowadays, the market competition is fierce. Last year, sales of electric vehicles from the Eastern Country in Europe increased 13 times, and they are highly recognized by German consumers.

Original article: https://www.toutiao.com/article/1829387324746972/

Disclaimer: This article only represents the author's personal views.