BYD's Bremerhaven investor responds to potential EU customs obstacle.

Automobile - BYD's Bremerhaven investor responds to potential EU customs obstacle.

The Bremen-based logistics company BLG is cautious about the potential imposition of high tariffs on Chinese electric cars by the European Union. At present, it's unclear what impact this might have on the offloading of electric vehicles from China in Bremerhaven. "We've taken note of the decision made today," said a spokesperson to the German Press Agency, "it remains to be seen what the consequences will be."

The spokesperson also mentioned that there's ongoing communication with their Chinese clients. This includes future shipments from BYD, following the launch of their 'Explorer No. 1' in February. BYD is one of the three manufacturers targeted by the EU in this move.

The 'Explorer No. 1' docked in Bremerhaven for the first time on February 26th, marking the first instance of BYD transporting electric cars from China to Europe. Out of the approximately 3,000 cars unloaded at that time, about 2,000 are still at the port, with the rest being transported away. "We'll be receiving fewer of them," she added. This was the first out of eight special vessels that BYD plans to use for the transport of cars from China to Europe.

The import of cars from China is of minor significance to the port overall, stated the spokesperson. "The share of vehicles from Chinese manufacturers in our Bremerhaven automotive terminal is currently only 5%," she said, adding, "there are currently between 70,000 and 80,000 vehicles of various manufacturers at the port, which are either being loaded, processed, or transported further." The BLG automotive terminal in Bremerhaven is one of the world's largest, handling over 1.7 million vehicles annually.

On Wednesday, the EU Commission announced tentative tariffs on Chinese electric cars. Whether these tariffs will be levied or not depends on whether a compromise can be reached with China, according to the spokesperson.

Read also:

1. Despite the potential EU customs obstacle, BYD continues to plan the use of eight special vessels for transporting cars from China to Germany, with Bremerhaven serving as a key port.
2. The EU Commission's tentative tariffs on Chinese electric cars could impact the offloading of vehicles from China in Bremerhaven, according to the German Press Agency's report.
3. The import of cars from China represents a minor fraction of the overall vehicle traffic at Bremerhaven's BLG automotive terminal, accounting for only 5% of the total vehicles processed at the site.
4. Germany, as a major player in the EU, is closely watching the development of the potential tariffs on Chinese electric cars, given its close ties with China in automobile manufacturing and world trade.
5. BYD, a Chinese automobile manufacturer, has seen its 'Explorer No. 1' electric vehicles, launched in February, docked in Bremerhaven for the first time, marking the beginning of China-to-Europe shipments.
6. The EU's proposed tariffs on Chinese electric cars have been met with caution by German logistics companies, such as BLG, as they could result in penalty duties and complications in vehicle shipping between China and Europe.
7. The EU-China trade landscape, including vehicle imports from China to Germany through Bremerhaven, will be closely monitored by the global foreign trade community, as the outcome of the EU Commission's tariff proposal could set a precedent for future international trade relations.

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