CLEVELAND, Jan. 18, 2019 /PRNewswire/ -- After more than a year of investigations and hearings, the European Commission (EC) imposed both an anti-dumping and an anti-subsidy duties on e-bikes imported from China in January 2019 in order to protect EU manufacturers from unfair competition. The EC released a document detailing the new duties on January 18th. Instead of adopting a single anti-dumping duty for all Chinese suppliers, the EC opted for per company dumping duties, ranging from 24%-79%.
The EU – which features a large e-bike market– is home to a number of the world's leading suppliers (such as Accell Group) and countless smaller industry participants. According to industry analyst Gleb Mytko, "The European Commission's actions were designed to protect a nascent but important industry from what it deemed unfair dumping practices." With these measures, the EU hopes to maintain a competitive and diverse e-bike market that is well positioned for strong growth. In addition, the move will allow new e-bike start-ups to compete and expand their operations, ensuring the long term health of the EU e-bike industry. This is particularly important because the global e-bike market is still at an early stage of development and is poised for many years of growth.
For more information on the global e-bike industry, see Freedonia Group's Global Motorcycles study: https://www.freedoniagroup.com/World-Motorcycles.html
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SOURCE The Freedonia Group