FRANKFURT, Feb 10 (Reuters) – The European Commission has approved a request by Volkswagen’s CUPRA brand to free its Tavascan SUV coupe, which is made in China and shipped to Europe, from import tariffs in exchange for a minimum price model, a company spokesperson said on Tuesday. The approval caps months of intense talks between […]
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VW’s Seat says Cupra Tavascan model spared from EU duties on Chinese EV
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FRANKFURT, Feb 10 (Reuters) – The European Commission has approved a request by Volkswagen’s CUPRA brand to free its Tavascan SUV coupe, which is made in China and shipped to Europe, from import tariffs in exchange for a minimum price model, a company spokesperson said on Tuesday.
The approval caps months of intense talks between the Volkswagen brand and Brussels over a solution for the model.
“The undertaking includes an annual import quota and a minimum import price,” a spokesperson for the SEAT/CUPRA division said in an emailed statement to Reuters, without giving further details.
Under EU regulation, automakers can negotiate tariff exemptions for individual electric models imported into the bloc from China.
(Reporting by Christoph Steitz and Rachel More, Editing by Friederike Heine and Madeline Chambers)