The European Commission has accepted a price undertaking from Volkswagen (Anhui) Automotive Co. Ltd., exempting its new-energy vehicle exports from anti-subsidy tariffs in the first such arrangement since the bloc imposed levies on China-made electric cars.
The agreement, announced Tuesday, sets out a potential path for automakers to navigate the European Union’s trade barriers through a combination of minimum pricing commitments, export caps and local investment pledges. Other China-based manufacturers are now weighing similar steps.
You’ve accessed an article available only to subscribers
VIEW OPTIONS
