Etiqueta: Great Wall Motor

Chinese automakers, like BYD Co and Xiaomi Corp, are using livestreaming to attract younger buyers and showcase their technology and performance, following in Tesla's footsteps. This approach is cost-effective and allows for direct engagement with potential customers.

How Are BYD, Xiaomi And Nio Boosting Car Sales?

Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country's top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year.

China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a change of mood among some Chinese auto producers.

The EU is set to impose tariffs of up to 38% on Chinese electric vehicles to stop the dumping of cheap cars. But some auto producers are already scaling back investments in Europe due to poor sales.

To counteract market dumping, the European Union will slap tariffs of up to 38% on electric vehicles from China. This puts additional strain on China’s EV manufacturers, which already face poor sales in Europe.

Foreign politicians are "afraid" of Chinese firms, according to BYD Chairman Wang Chuanfu, who urged competition to speed up the industry's transition to EV.