Etiqueta: Europe

China's BYD slams EU tariffs as rivalry heats up at Paris car show

PARIS (Reuters) -The EU's planned tariffs on Chinese-made EVs will lead to higher prices and deter buyers, Chinese EV giant BYD warned on Monday, adding the tariffs proposed for its vehicles were not a fair, but that it had also not challenged them. Li added that BYD had not yet decided what it's strategy would be to cope with the extra cost.

The EU's planned tariffs on Chinese-made EVs will lead to higher prices and deter buyers, Chinese EV giant BYD warned on Monday, adding the tariffs proposed for its vehicles were not a fair, but that...

The EU needs to reassess its development strategy for the automotive manufacturing industry.

The company is among China's largest automakers and is targeting 500,000 overseas sales by 2030

The theme at the Paris Auto Show this year is lower priced electric cars that can compete with low cost offerings from Chinese manufacturers.

Paris Motor Show opens on October 14, showcasing a fierce competition between European and Chinese automakers, including major brands and innovative electric vehicles

Chinese electric carmaker BYD expects to boost sales in Germany within six months, executive vice president Stella Li said in an interview published on Saturday. BYD would gain a foothold in Germany in "less than half a year," Li told the Frankfurter Allgemeine Sonntagszeitung (FAS) newspaper. She criticised European Union tariffs on China-made electric vehicles (EVs) from next month, which Germany had opposed, as a loss for the consumer, adding BYD would start producing cars by the end of 2025 in Hungary.

China's BYD expects to swiftly lift sales in Germany, executive tells FAS

BYD Co., China’s bestselling car brand, may initially offer electric vehicles in Germany for between €25,000 ($27,340) and €30,000, Executive Vice President Stella Li said in a newspaper interview.