There will be a workable solution to settle the Chinese electric vehicles (EVs) tariff disputes satisfactory to both China and Europe, said Christian Ach, CEO of BMW Group Sales for the German market.
Earlier this month, Germany carmaker BMW urged Germany to vote against the additional high tariffs on Chinese EVs, the latest move by a key industry representative within the EU standing up to oppose the decision made by the European Commission, citing concerns for an escalating trade dispute.
In a recent interview with China Global Television Network (CGTN), Ach suggests that the European Commission may have been influenced by major car manufacturers due to their substantial business interests in China.
"I think the European Commission was listening to the car manufacturers because it's a big industry in Europe and especially in Germany. We are, I think, most affected because Audi, Mercedes Benz, Porsche located in Germany and that they export all of China. It's huge and it's good for us. CEOs from the big companies were always in contact with the European Commission. Maybe not enough. Because otherwise the result would be a different book," said Christian Ach CEO of BMW Group Sales for the German market.
As China and EU will continue to hold consultations regarding the EU's anti-subsidy investigation into Chinese EVs, Ach expressed confidence in the eventual outcome, believing that a favorable resolution benefiting both China and Europe.
"It's difficult to talk about now about this topic because there are still discussions up and running. And I think the final result, we will get the final result we saw. It's not the final result, OK, there are still discussions and I'm very optimistic and positive that we will get a good solution for both sides, for the Chinese towards Europe and for the Europe towards China," he said.
BMW CEO urges workable solution to settle Chinese EVs tariff disputes
