Etiqueta: MG

New import duties will drive up the cost of Chinese cars sold in Turkey. Authorities want to protect domestic brands and convince Chinese manufacturers to build factories in the country.

BYD’s Australian importer has declared itself ready and able to withstand the pressure of more than a dozen new Chinese brands arriving in Australia keen to emulate its sales and steal away its market share.

Booming Chinese car brand BYD has slashed the price of its most affordable electric car. The Dolphin small hatchback is now $2000 cheaper, with prices starting at $38,890 (before on-road costs) for the base Dynamic and $42,890 for the Premium. Despite the price cut, the Dolphin has not regained its crown as the cheapest EV on sale in Australia. That title belongs to the GWM Ora, which is priced at $35,990 drive-away. [read-more-default-title] Is...

BYD's new electric hot hatch rival to the MG 4 has been spied testing on the streets of...

The BYD Dolphin has received a $2000 price cut in Australia, joining a growing list of discounted electric...

BYD, the Chinese electric vehicle maker can manage the European Union’s additional tariffs on EVs from China—and may grab market share from more severely affected rivals.

(Bloomberg) -- Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd. Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutStock Bull Run Breaks Record on Fed Decision Day

Trade war looms as Brussels hits firms with import charges

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.