V-Test(SH:688372) Zhong Guo Jing Ji Wang·2024-10-17 23:52Core Viewpoint - The article discusses the ongoing negotiations between China and the EU regarding tariffs on electric vehicles, highlighting the divergence of interests within Europe and the need for continued dialogue to resolve the dispute. Group 1: Negotiation Dynamics - German Chancellor Scholz criticized the EU's tariff policy on Chinese electric vehicles, emphasizing the need for an agreement between China and the EU [1] - The China Machinery Industry Federation reported that the EU Commission is negotiating with individual companies, which undermines the trust and foundation of the broader negotiations [1][2] - China has shown significant willingness to negotiate, proposing multiple solutions and inviting EU technical teams to continue discussions in China [3] Group 2: European Industry Response - Many European countries, including Germany, oppose the EU's tariff policy, with 17 EU member states reportedly against it [1][2] - European automotive executives express concerns that tariffs will harm the competitiveness of the European automotive industry, potentially leading to a 40% reduction in imports of electric vehicles from China [1][3] - The European automotive sector is under pressure to transition to electric vehicles while simultaneously facing challenges from tariff policies that could restrict competition [3][4] Group 3: Market Implications - Despite high tariffs, Chinese electric vehicles remain popular among international buyers, indicating strong market interest [3] - Executives from major European automotive companies argue that learning from Chinese competitors is essential for revitalizing the European electric vehicle market [4] - The potential for additional tariffs from the U.S. adds another layer of complexity for European automakers, who are already facing internal pressures to adapt to stricter emissions regulations [4]