00:00Chinese car manufacturers anticipate that the European Union's decision to raise its tariffs on electric vehicle imports from China
00:08will have an impact on their sales.
00:11Duties of up to 45% over a period of five years will likely have to be passed on to consumers,
00:19raising the price of electric or hybrid cars.
00:23If there's no change within the five-year period,
00:31then our car sales in the local area will definitely be affected
00:35because the price that the owner buys for has increased and the buyer has different choices,
00:41whether it's an electric car or a traditional car.
00:44So his choice may be a little bigger
00:47and then it will have a certain impact on the sales of our electric cars or hybrid cars in Europe.
00:53Leading Chinese car manufacturers such as Geely, Huawei and Dongfeng
00:58gathered in Geneva this month for an industry discussion.
01:02The second CACIC, China Automobile Standards Internationalization Center Forum,
01:08united industry representatives with international organizations and local governments.
01:15They discussed the regulations and the standards of the industry as well as trends and major challenges.
01:21Of course they are concerned about that. That's the fact.
01:26We cannot ignore this because I think every car manufacturer is concerned about this thing.
01:35But right now the current situation I think is harmful for both sides.
01:41We don't want that to happen.
01:43Several weeks ago the European Commission gave the final green light
01:47to raise tariffs on electric vehicles made in China for the next five years.
01:52In turn, China has requested World Trade Organization dispute consultations
01:58with the European Union regarding this decision.
02:02The goal of these consultations is to discuss the matter
02:05and to find a satisfactory solution without proceeding further.
02:11Switzerland is not expected to adopt the EU's tariffs against Chinese e-cars
02:17due to its free trade agreement with China.
02:20Automobile industry analysts point out that imposing EU's tariffs on Chinese electric vehicles
02:26could in the short term affect the price competitiveness of Chinese manufacturers in the European market.
02:32However, they say that in the long run you should not deter Chinese EV manufacturers
02:38from pursuing opportunities in the EU.
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