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The CEO of Seat, a subsidiary of Volkswagen Group, has warned that if the European Union (EU) does not reduce tariffs on electric vehicles (EVs) produced in China by the end of March, the company will be compelled to cut production and lay off approximately 1,500 employees. Seat is currently grappling with challenges stemming from the EU's heightened tariffs on Chinese-made EVs. The CEO emphasized that unless these tariffs are reduced, drastic measures such as production reductions and layoffs will become necessary. Since October of last year, the EU has imposed tariffs on all electric vehicles manufactured in China, leading to a substantial increase in the tariffs applicable to Seat's Chinese-produced models. Consequently, the company has failed to meet its financial targets and anticipates incurring losses amounting to hundreds of millions of euros this year.
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