SAIC, smart and Volvo tried to reach a minimum price commitment with the EU, but were not recognized

According to reports, SAIC, smart and Volvo, three Chinese automakers, proposed a minimum price commitment in private negotiations with the EU, but this proposal was not recognized by the EU. At the same time, the EU has begun to impose tariffs on electric vehicles originating in China, up to 35.3% for a period of five years.