EU announces anti-subsidy investigation into Chinese electric vehicles, with BMW in focus

According to news on October 7, the European Union recently announced a countervailing investigation into Chinese electric vehicles, which has attracted widespread attention. The decision could have a significant impact on Chinese electric vehicle manufacturers as well as international automakers operating in China.

It is understood that BMW has received an information request from the European Union about its pure electric model iX3, which will form part of the EU's investigation into subsidies for Chinese electric car manufacturers. BMW CFO Walter Mertl said the company is currently actively filling out a questionnaire and must provide the EU with detailed information on electric vehicles exported from China within a week, including data on investment and production capacity.

This survey covers data from China’s own brands BYD, NIO and SAIC, as well as foreign brands produced in China, and even Tesla models exported from China. The investigation could have ramifications for the competitive landscape across Europe, as BMW exported some 15,000 to 20,000 iX3 models from China last year, making it the focus of the investigation.

The BMW iX3 is BMW's first pure electric SUV model. It started production at the Shenyang factory in China in July 2020. This car has excellent performance, with a maximum output power of 210 kilowatts, a peak torque of 400 N·m, and an acceleration time of 0 to 100 kilometers in only 6.8 seconds. In addition, iX3 also provides two different battery life versions, respectively 535 kilometers and 550 kilometers, supporting fast DC charging and home charging piles. BMW also plans to produce pure electric MINI Cooper models in China starting next year and export them to the European market

The progress of this anti-subsidy investigation will continue to receive widespread attention because it may have an impact on the relationship between Europe and China. It will have a profound impact on the electric vehicle trade between the two countries and may also shape the future competitive landscape.

The above is the detailed content of EU announces anti-subsidy investigation into Chinese electric vehicles, with BMW in focus. For more information, please follow other related articles on the PHP Chinese website!