Chinese Brands Hold 20% of UK Car Market; Nissan Executive Says UK May Need Tariffs on Chinese Cars
According to Bloomberg, Nissan executive Massimiliano Messina said that if the UK wants equal treatment under EU rules of origin, it may need to impose trade tariffs on Chinese cars. Chinese brands currently account for 20% of UK market sales, and the UK has not yet followed the EU in imposing tariffs on Chinese electric vehicles, while the EU's "made in the EU" rules could exclude UK production from subsidies. Nissan previously announced a £170 million investment to produce a hybrid SUV at its Sunderland plant. This policy gap and concerns about circumvention will affect Chinese automakers' access to the European market and their localization plans.
30218 days ago
