Etiqueta: subsidy

European policymakers need to answer the ‘trust question’ of how far they want Chinese companies involved in green industries such as solar energy, batteries, and electric vehicles.

The impending launch of the Seagull increases pressure on European automakers to maintain their market share in the evolving post-combustion engine era.

The BYD Seagull electric vehicle might help the Chinese automaker dominate Europe. BYD Europe aims to triple its European market by 2025.

BYD, which overtook Tesla late last year as the biggest global EV maker, is about to raise the stakes.

China's temporary extra tariffs on imported vehicles and its potential impact on its trade tensions with the US and EU automakers.

Even after tariffs and modifications to meet European standards, BYD executives expect to sell the Seagull for less than €20,000 ($21,500) on the continent.

China's auto industry has seen rapid development in recent years, with the electric vehicle (EV) sector in particular gaining global prominence. This is in line with China's green development concept, as well as the global effort to cut carbon dioxide emissions to tackle climate change. However, China's EV industry has also become a target for a US' crackdown campaign against China. The EU has also launched a so-called anti-subsidy investigation into Chinese EVs.

Chinese electric car manufacturers BYD and Chery are in ongoing discussions with the Turkish government on potential electric vehicle (EV) factories.

Four Million EVS Sold Globally in 2024 according to Rho Motion