Mustang Battery (605378.SH): EU launches anti-dumping investigation against Chinese alkaline manganese dioxide primary batteries and battery packs

Zhitong Finance App News, Mustang Battery (605378.SH) issued an announcement. The company recently learned that the European Commission is requesting the German company VARTA Consumer Batteries GmbH & Co. The KGaA application decided to launch an anti-dumping investigation against alkaline manganese dioxide primary batteries and battery packs originating in China.

EU investigation authorities generally conduct an investigation for about 1 year to decide whether to take anti-dumping measures against the products involved in the case to protect EU companies that produce similar products. Currently, the EU's anti-dumping investigation is still in the investigation stage, and it is still difficult to predict its future ruling. Therefore, it is still difficult to estimate the specific impact of anti-dumping on the company until the company has obtained basic information on anti-dumping from the EU (including the object of taxation, the form of taxation, the tax rate, and the start date of taxation). The company has set up a special working group and hired a team of professional lawyers to actively respond to lawsuits, actively cooperate with investigations, and participate in no-harm defense activities of industry associations. In addition, the company will vigorously explore emerging international markets and strengthen domestic market expansion.