Etiqueta: EU

BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances

Here are some basic facts about the EU's planned customs duties.

Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected.

05 Jul 2024 - Even though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.

Hong Kong stocks retreated, underperforming regional markets, after the European Union announced provisional import tariffs on Chinese electric vehicles.

Thailand is a regional auto assembly and export hub. Read more at straitstimes.com.

Chinese automaker BYD continues to expand its business in Europe by developing local partnerships.

The facility encompasses processes of stamping, painting, welding, final assembly, and producing car components.

The European Union will impose tariffs of up to 37.6% from July 5 on imported electric vehicles made in China, ratcheting up trade tension with Beijing, in a latest effort to protect home-grown manufacturers.