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Zeekr Considers Beginning Production in Europe

2024/07/24 Cars

On July 21st, Zeekr announced its active consideration of European production for its vehicles. CEO He Zeekr stated, "We are actively advancing our localization efforts in Europe and will announce details at the appropriate time." Zeekr Motors has been expanding into overseas markets since last year and entered European countries like Sweden and the Netherlands in June last year. Additionally, Zeekr has tailored right-hand drive versions for specific regions such as the UK, Japan, India, and Australia.

However, the EU's imposition of tariffs, starting July 5th, imposing up to 37.6% on electric vehicles manufactured and exported from China, during a four-month "window period," may affect the brand's international expansion plans. According to the EU's "anti-subsidy investigation," SAIC Group will face an additional 37.6% tariff on top of the existing 10%, while Geely and BYD will face additional tariffs of 19.9% and 17.4%, respectively.

Other Chinese electric vehicle manufacturers not subject to inspection will face an additional weighted average tariff of 20.8%, while companies not complying with inspections will face an additional 37.6% tariff.

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Source : www.chinaevs.org
Tags: Zeekr
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