Etiqueta: NIO

In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.

The European Commission made a significant announcement on Wednesday, revealing its intention to levy additional duties on imported Chinese electric vehicles, a move that could potentially ignite tensions with China. These tariffs, slated to take effect next month, could reach as high as 38.1%, depending on the manufacturer. According to the company breakdown provided by the Commission, the provisional tariffs are as follows: - BYD (17.4%) This includes various entities under BYD, such as BYD Auto Co Ltd and Changsha BYD Auto Co Ltd.

The European Commission said on Wednesday it would set provisional duties of up to 38.1% on imports of Chinese electric vehicles, a move likely to draw possible retaliation from China.

La decisión de Bruselas de imponer impuestos a los coches eléctricos chinos afectará a empresas como BYD Co (OTC:BYDDF) y SAIC, así como a Tesla Inc (NASDAQ:TSLA), que fabrica en China. A partir del próximo mes, la Comisión Europea tiene previsto aplicar impuestos provisionales de hasta el 25% a los coches eléctricos chinos importados, con el objetivo de contrarrestar las subvenciones que los fabricantes chinos reciben de su gobierno. Esta medida podría llegar a representar alrededor del 35%, mu

After concluding that EVs imported from China have an unfair advantage due to government subsidies, the European Commission said it...

Brussels' decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China. Starting next month, the European Commission plans to apply provisional duties of up to 25% on imported Chinese EVs, aiming to counteract the subsidies Chinese manufacturers receive from their government. This measure could escalate to about 35%, significantly lower than the 100% duties applied by the U.S., t

The European crackdown comes after Joe Biden announced sweeping tariffs on $18 billion worth of Chinese goods, including a 100% tax on Chinese EVs.

BYD Company Limited's aggressive expansion into global markets with affordable EV options could threaten Tesla and others. Learn more on BYDDF stock here.

XPeng's Mona sub-brand launches Xpeng M03, equipped with BYD batteries, potentially mirroring NIO's Onvo strategy.

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.