EU provides guidance on price offers for EV exports from Chinese manufacturers

The European Commission issued a Guidance Document on the submission of price undertaking offers in the context of the anti-subsidy duties in place on battery electric vehicles from China. The Guidance Document provides Chinese exporters of BEVs to the EU with general guidance on the submission of price undertaking offers. It covers various aspects to be addressed in a possible undertaking offer, including the minimum import price, sales channels, cross-compensation, and future investments in the EU. Each price undertaking offer is subject to the same legal criteria and the European Commission will conduct each assessment in an objective and fair manner, following the principle of non-discrimination and in accordance with WTO rules. Publicly traded companies in the Chinese electric vehicle space include XPeng (XPEV), Nio (NIO), Li Auto (LI), BYD (BYDDY), and Geely (GELYF). Publicly traded companies in the broader auto space include Ford (F), General Motors (GM), Honda (HMC), Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).