Etiqueta: EU

Chinese EV giant targets Vietnam with dealership expansion and factory plans

13 BYD dealerships will open in Vietnam on Saturday and the carmaker hopes to boost that to about 100 by 2026, but a decision on a local plant is yet to be made

Along with three electric vehicles, BYD plans to introduce three additional plug-in hybrids (PHEVs) in Europe early next year.

The company will begin building cars at its new factory in Hungary by the end of 2025 and a separate new facility in Turkey will come online shortly after.

The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.

An EU duty on electric cars from China overstates the problem and will do more harm than good

As the global automotive industry rapidly electrifies, China’s consolidation of electric vehicle supply chains has caused geopolitical tensions. This has led both the United States and European Union to raise import tariffs on Chinese EVs – risking a possible trade war. This DGAP Policy Brief compares the approaches of the US and EU and recommends how Germany can support the EU’s position while ensuring fair competition for its automotive industry.

Is it any company with a factory in the Old Continent or one with its headquarters there? The answer will raise even more important questions.

Despite increasing tariffs on Chinese EV imports, Chinese automakers continue to profit.

Chinese car maker looks at a world of car plants in drive to dominate global EV sales