The European Commission’s decision to impose tariffs of up to 38.1% on cars produced in China could further boost investment into the UK as a result, according to consultancy Gartner.
The consultancy is expecting the UK government to position itself differently to the stance from Europe and embrace Chinese investment.
The EC’s decision to impose tariffs follows preliminary findings from its anti-subsidy investigation which confirmed its suspicions that Chinese state support is distorting prices.
Although these EU tariffs are set to be formally imposed on July 4, the announcement remains preliminary.
Jonathan Davenport, Gartner senior director analyst, advanced manufacturing and transportation (UK), told AM that SAIC Group’s investment in its MG research and development facility in Longbridge, alongside the establishment of 150 MG dealerships, highlights an established success story for Chinese investment in the UK.
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