Nio Slams Unreasonable US, EU Tariffs
William Li, the founder of Nio Inc., criticized the United States and the European Union for their irrational efforts to impose tariffs on electric vehicles and urged them to work with China rather than oppose it.
According to industry publication Dongchedi, Li stated in a recent interview that increasing the use of electric vehicles is an essential step in halting climate change and achieving sustainable global development, and any actions taken to obstruct this process would be foolish.
The European Union has suggested imposing tariffs on imported electric vehicles from China, alleging that Chinese companies unfairly profit from government subsidies and are overproducing electric vehicles and flooding the European market with them. Early next month, the bloc is anticipated to cast a vote on the resolution.
Beijing has been in close negotiations with the EU to discuss alternatives to tariffs and has dismissed the EU's anti-subsidy probe as protectionist. There has been no agreement reached in the talks so far regarding a system to regulate export volumes and prices.
Since President Joe Biden announced 100% tariffs on Chinese electric vehicles in May, Chinese automakers are also subject to higher duties in the US, which go into effect this month. According to Li, the actions taken by the EU and the US to levy tariffs on Chinese electric vehicles demonstrate the nation's advantages and competitiveness in the industry. But he asserted that politicizing economic behavior is neither appropriate nor helpful for the industry's sound global development.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VPG4263
SELANGOR
BSF5053
JOHOR
JYA4985
PULAU PINANG
PRR4956
PERAK
ANW6749
PAHANG
CFC1439
KEDAH
KGA9426
NEGERI SEMBILAN
NEG2387
KOTA KINABALU
SJL3071
KUCHING
QAB5149L
Last updated 17 Jun, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.07
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.74
EURO 5 B7
RM 2.94
Last updated 12 Jun, 2025
Related News
Nio Firefly EV Confirmed for UK Debut – Malaysia Next?
Nio’s Firefly will make its right-hand drive market debut in the UK later this year. Is Malaysia next on the list?
04-06-2025
Nio, CATL Collaborating For Battery Swap Expansion
Nio and CATL are joining forces to build the world's largest battery-swapping network.
20-03-2025
Nio Plans Quarterly Debuts Of New Models Or Facelifts From Q2
Nio plans to launch new products every quarter from the second to the fourth quarter.
10-02-2025
Nio Partners UK Startup Monolith For Real-Time AI Battery Testing
Nio partners UK AI startup Monolith to test and improve battery packs in real time.
02-10-2024
Nio Considering To Buy Audi Plant In Belgium To Avoid EU Tariffs
Nio is considering purchasing an Audi facility in Belgium to stay out of trouble with Commission tariffs on Chinese EVs.
23-09-2024
Nio ET9 Debuts As An Ultra-Luxury Tesla Model S Rival
The all-new Nio ET9 debuts as an ultra-luxury EV saloon, set to go against the Tesla Model S & BMW i7 in China.
26-12-2023
China's NIO Will Reduce Workforce By 30% And Invests On Robots, AI
Nio announced plans to reduce its workforce by 30% as it expands its automation and artificial intelligence (AI) capabilities.
28-11-2023
Nio Adds 3 Electric Drive Production Lines With Annual Capacity Of 1 Million Units
Nio has added three electric drive system (EDS) production lines with an annual capacity of 1 million.
15-10-2023
Latest News
One EV Pollutes Like Three Hybrids - Toyota Chief
Toyota Chairman argued that EVs may not always be the greenest option, claiming one EV's impact equals that of three hybrids
17-06-2025
Mansory Brings Lots Of Carbon Fibre To G90-Gen BMW M5
G90-gen BMW M5 super-saloon gains lots of carbon fibre plus big power bump from tuners Mansory.
17-06-2025
VW Golf GTI Edition 50 Charts New Nurburgring Record for the Brand
The new Golf GTI Edition 50 is now the fastest production Volkswagen to lap the Nurburgring Nordschleife.
17-06-2025
New Third-Gen Audi Q3 Revealed
New third-gen Audi Q3 fully revealed, features full design refresh with split taillights, column shifter and more.
17-06-2025
Ativa’s Subaru Rex ‘Cousin’ Gains New Hybrid REEV/EREV Variants
Japan market Subaru Rex, essentially ‘twins’ with the Perodua Ativa, gains new hybrid REEV/EREV variants.
16-06-2025
Luca De Meo Quits As Renault CEO To Join Luxury Goods Giant Kering
58-year-old Luca De Meo resigns as CEO of Renault to lead luxury goods giant Kering instead.
16-06-2025
2025 Le Mans 24 Hours Sees Ferrari Chart Three-Peat Win
2025 Le Mans 24 Hours race see Ferrari chart historic three-peat win in the hands of privateers AF Corse.
16-06-2025
Ferrari 296 Speciale Gains New Le Mans-Inspired Piloti Edition
The Ferrari 296 Speciale gains a new Piloti edition, featuring design bits inspired by the 499P Le Mans hypercar.
16-06-2025
Show More
trending_flat