BMW in talks with EU on tariff exemption for 'Made in China' Minis, Handelsblatt reports

Core Viewpoint - BMW is in discussions with the European Commission regarding a potential minimum pricing model to replace EU tariffs on its Chinese-made Mini electric vehicles, following a similar agreement for Volkswagen's SEAT/Cupra brand [1][2]. Group 1: Negotiations and Tariff Exemptions - BMW and the European Commission are negotiating a solution that involves a minimum import price to potentially exempt BMW's Chinese-made electric vehicles from tariffs [2]. - This negotiation follows an agreement between Brussels and Volkswagen, which secured a tariff exemption for its all-electric Tavascan SUV coupe [1][2]. Group 2: Current Tariff Situation - The EU imposed tariffs on China-made electric vehicles at the end of October 2024, with a specific tariff rate of 20.7% for BMW, which manufactures the electric Mini Cooper and Mini Aceman in China [3]. - BMW is also involved in a legal challenge against the EU tariffs alongside other car manufacturers [2].