Etiqueta: Germany

BYD, Chery Push Hybrids to Avoid Tariffs in Europe

BERLIN/LONDON/DETROIT (Reuters) -Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. "The whole car industry is in full panic," said Eckard, CEO of Magnosphere, based in Troisdorf, Germany.

The German car subscription provider Finn has concluded a framework agreement with BYD for the delivery of up to 5,000 vehicles over the next ten months. As

Plugin vehicles reach 22% share, or 1.5 million units, in April. Global plugin vehicle registrations were up 22% in April 2025 compared to April 2024. There were around 1.5 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 26% YoY to 1 million units ... [continued]

From aggressive pricing to global expansion and grid integration, we explore how China’s evolving EV strategy is reshaping the global landscape, international partnerships, and infrastructure transformation.

The move underscores China's dominance of the critical mineral industry and is seen as leverage by China in its trade war with Donald Trump.

BYD has a small market share in Germany but it now sells 10 models in the country including the Dolphin Surf, a version of its topseller in China.

China's export restrictions on rare earths that are widely used by the auto industry could disrupt, or even halt, German car production, Germany's VDA auto industry lobbying group said on Tuesday.