By John Davi, Nicholas Cerbone, Frank Tedesco, Pankah Patel, Amit Dugar and Michael Stulic We like to acknowledge the efforts of Will Pham in producing this report.
Extra tariffs on Chinese electric cars imported into the EU will come into force today after formal approval yesterday and a year of wrangling between the two zones. Already subject to a 10% car import duty, Tesla will face an additional 7.8% hit, while China's SAIC, which owns the MG brand, will face a 35.3% surcharge.