The European Commission has formally launched today an anti-subsidy investigation into the imports of battery electric vehicles (BEV) from China. The investigation will first determine whether BEV value chains in China benefit from illegal subsidisation and whether this subsidisation causes or threatens to cause economic injury to EU BEV producers. Should both prove true, the investigation will examine the likely consequences and impact of measures on importers, users and consumers of battery electric vehicles in the EU.
Based on the investigation's findings, the Commission will establish whether it is in the EU's interest to remedy the effects of the unfair trade practices found by imposing anti-subsidy duties on imports of battery electric vehicles from China.
The product allegedly being subsidised is the product under investigation originating in the People's Republic of China ('the country concerned'), currently classified mainly under CN code 8703 80 10.
Hudson's main business is Cargo EV Van, currently classified mainly under CN8704 60 00,So the above events have no negative impact on Hudson 's business.
