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International Business Times
International Business Times
Business

DARK SECRETS: Eu tariffs not a deterrent says chinese ev maker xpeng - The Real Truth

An Xpeng G6 electric car at the opening of their second flagship store in Hong Kong on March 21, 2025 (Credit: AFP)

Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a "large economic impact" but will not deter the firm's plans to tap European markets.

Brussels decided to impose tariffs in October of up to 35.3 percent on imports of Chinese electric cars, citing alleged subsidies that give them an unfair advantage over European rivals.

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