The Commission has accepted an undertaking from a Chinese exporter of battery electric vehicles (BEVs).
Volkswagen (Anhui) will now be able to export its CUPRA Tavascan model into the EU at or above its proposed minimum import price and will be exempt from the countervailing duties imposed on BEV imports from China.
The price undertaking was accepted from Volkswagen (Anhui) Automotive Company Ltd., and its related party in the EU, SEAT S.A., Martorell, Spain, following a Commission investigation which showed that the price floor proposed by Volkswagen (Anhui) for this specific model would not be injurious to EU industry.
In addition to selling at a minimum import price, Volkswagen (Anhui) committed to limiting its import volumes. It also committed to investing in significant BEV-related projects in the EU with clearly defined milestones, supporting the EU’s industrial strategy and incentivising compliance with EU climate transition goals.
Background
An undertaking is a voluntary commitment of an exporter to sell a product (subject to countervailing measures) to the Union above a minimum import price in return for exemption from the payment of the countervailing duties otherwise due on said product.
Failure to comply with the terms of the undertaking, including investment milestones, may lead to withdrawal of the undertaking by the Commission and a retroactive reinstatement of duties.
For more information
Commission Implementing Decision accepting the undertaking
Commission guidance on the submission of price undertakings for BEVs from China
