China and EU agreed on price undertakings for Chinese BEV exports

Summary: China and the EU have reached a consensus on price undertakings for exported battery electric vehicles (BEVs), providing guidance to Chinese exporters and addressing WTO concerns. The EU will issue a guidance document for price submissions, with an unclear future for the imposed tariffs of up to 35.3%. Eligible companies may replace these duties with price undertakings.

Brands mentioned: NEV makers