BMW, Geely, SAIC, and BYD are taking legal action to overturn EU tariffs on Chinese imports. The four automakers filed complaints at the Court of Justice of the European Union this week.
Tesla (NASDAQ:TSLA) and German automaker BMW (OTCPK:BMWKY) have joined Chinese electric vehicle makers BYD (OTCPK:BYDDF), Geely Automobile (OTCPK:GELYF), and SAIC Motor in challenging the European ...
Geely, the Chinese company that also owns Volvo, now owns Manganese Bronze Holdings (MBH), makers of London's Black Cab. MBH went into administration late last year, and some had looked to Geely ...
Just days after it was confirmed that BMW, Geely, SAIC, and BYD, were suing the European Union, it’s been revealed that Tesla is doing the same. The action was taken by Tesla’s subsidiary in ...
Three of China’s biggest car companies and an industry body are suing the European Commission over its tariffs on electric vehicle imports. Filings lodged at the General Court in Luxembourg, the ...
including Geely, SAIC and BYD, who are also against these tariffs. Tesla's shares fell 2.32% on Tuesday afternoon; BMW's shares fell 0.35%. BMW and Tesla Shanghai both filed cases at the ...
BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%.
The two companies are the latest to join a growing number of Chinese car makers, including Geely, SAIC and BYD, who are also against these tariffs. Tesla's shares fell 2.32% on Tuesday afternoon; ...