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LONDON - BMW's CEO on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers, saying it could upend the bloc's Green Deal industrial plan and harm German automakers which import cars made in China.
China is BMW's second-largest market after Europe, accounting for nearly 32% of sales in the first quarter. In March, the Commission started customs registration of Chinese EV imports, meaning they could be hit by tariffs from that point if the trade investigation concludes they are receiving unfair subsidies.
European Commission President Ursula von der Leyen said in Berlin on Wednesday that Europe needed to take steps to prevent China from flooding the bloc's market with subsidised electric vehicles.
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