Tesla and BMW filed a lawsuit against the EU…

Tesla and BMW, which were subjected to customs duties with Chinese producers, filed a lawsuit against the EU….

BMW and Tesla Shanghai announced that the European Union (EU) filed a lawsuit against the European Commission for tariffs applied to electric vehicles from China. These two companies were the last companies, including Geely, SAIC and BYD, who opposed these tariffs.

Tesla’s shares fell 2.32 percent in the afternoon on Tuesday and BMW’s shares fell by 0.35 percent. BMW and Tesla Shanghai filed a lawsuit in the European Union Court of Justice (AAD), but no more details were announced.

Last year, the EU imposed a 7.8 percent customs duty on electric vehicles produced by Tesla in China, while BMW imposed a 20.7 percent customs duty on electric vehicles produced in China. Similarly, Chinese electric vehicle manufacturers such as Geely receive a tariff of 18.8 percent, while the EU tariff for BYD is 17 percent and 35.3 percent for SAIC. This ratio is applied in addition to the 10 percent normal tariff applied to all automobile imports to the block.

BMW underlined that these tariffs have done very little to strengthen the competitiveness of domestic European automobile companies.

According to The Wall Street Journal, a BMW spokesman said: “On the contrary, compensatory taxes globally damage the business model of active companies and limit the supply of e-automobile to European customers, and thus slowing carbonlessness in the transportation sector.”

However, the company said it is still open to negotiate an agreement. BMW also reiterated the importance of avoiding commercial conflicts between the global parties, because these conflicts often cause both sides to lose.