Etiqueta: Sales

The European Union will impose additional tariffs of up to 38.1 percent on electric vehicles imported from China starting from July.

Chinese automaker BYD continued its dominance in the Brazilian electric vehicle (EV) market in May, securing an impressive 71.4 percent market share, according to data released by Fenabrave, the Brazilian vehicle distribution federation.

Why You Should Care!

Denza's first flagship store in Hong Kong will open at the end of June, and it will enter more overseas markets in the future.

While BYD made a fortune out of the 900% increase in EV sales in Southeast Asia last year, its regional rival Vinfast is upping the ante

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

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.

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.

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.