European -China Ruojiao warfare German luxury cars the first to be

(Brussels Comprehensive) The EU launched an investigation of China's electric vehicle subsidies to protect European auto manufacturers from the impact of a large number of cheap Chinese cars.However, analysts believe that if this trigger a tariff war between the European Union and China, the most profitable German luxury cars such as Marseille and BMW will face the biggest risk.

For German high -end automobile manufacturers such as Porsche, China is the largest market for their most expensive models.Last year, China accounted for more than one -third of the global sales of the BMW 7 Series and Marseille S -Class.The global sales of Audi also have more than one -third from the Chinese market.

Market research company Bernstein analysts Roycca and Yonis estimate that revenue from China accounted for more than 25%of these German auto manufacturers' basic profits.If trade disputes are upgraded, German luxury car manufacturers are the most risky.

This is because some small and medium -sized cars, BMW and Marseille have cooperated with local manufacturers, so they can sell these cars without paying the current 15%import tariffs.However, these companies' high -end models are generally produced in Europe and North America, and then exported to China. Therefore, if Beijing retaliates any measures in the European Union, these cars will be the first.

Marseille sold more than 750,000 cars in China last year, of which slightly higher than 20%was imported; BMW accounted for about one -third of the delivery of Chinese cars, and Porsche did not produce any cars in China.

Makanson, chief economist of Societe General, said: "In simple terms, if Europe takes measures on Chinese electric vehicles as a fact, then German cars are most likely to be retaliated ... But things may not necessarily not necessarily.So black and white are clear. Will China really retaliate the same products? The situation may become more complicated. "

More importantly, the tariff war with China will be unbalanced.Allianz Trade, a credit insurance company, estimates that if the European Union increases a one percentage tariff, China's total loss may reach $ 8.4 billion (about S $ 11.48 billion). Although this number looks large, it only accounts for China's export0.2%.In contrast, this accounts for 1.5%of the European Union's total import.