Applications: Electric Vehicles (EV)

EU Hikes Tariffs On Chinese-made BEVs New tariffs are impacting Chinese EV exports to the EU, encouraging localisation in the long term but hindering EV adoption in the short term, although some manufacturers are absorbing the cost increase. SOME MANUFACTURERS HIT WITH ALMOST 45% TARIFFS1

Source: 1 Content & analysis provided courtesy of Rho Motion Distinguished Partner), 2 CRU Group Distinguished Partner)

35% of DOMESTIC BEVS ARE IMPORTED, AND EUROPE IS THE TOP DESTINATION FOR CHINESE BEV EXPORTS2

Extracted from the PDF; charts and images may read imperfectly.