Geely has expressed "great disappointment" in the European Union's decision to increase tariffs on Chinese made electric vehicles, vowing "all necessary measures" to safeguard its legitimate rights.

"We call on the European Commission to carefully consider its decision, listen to the concerns of all parties, and work together to find a solution that promotes fair competition, whilst creating a constructive environment for long term sustainable development," it said in a statement cited by the Reuters news agency.

Geely would be subject to a 20% additional duty rate from next month as Brussels decided on additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC on top of the existing 10% car duty, the report added.