Etiqueta: Tariffs

BUENOS AIRES (Reuters) -China's largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint in South America. Chinese brands dominate this sector, and Argentina has said it expects imports of about 40,000 electric and hybrid vehicles to enter the country by the end of January. Normally, imported cars from brands that do not have manufacturing operations in Argentina or other members of South America's trade bloc Mercosur, which includes Brazil, pay a 35% tariff.

BYD's UK success challenges the nation's EV strategy and reshapes the automotive landscape.

Britain has emerged as key market for BYD, as it is the only European nation with no tariffs on exported electric and hybrid vehicles from China

When it was announced that BYD’s sales had overtaken those of Tesla, there was those who put the blame squarely the erratic behavior of Elon Musk. In reality the Chinese company had been building up

As reported by CnEVPost, BYD’s overall quarterly sales were down 1.82% YoY with passenger vehicles down 2.1%, while commercial vehicles were up 52.61%. While PHEV sales were down 23.72%, BEV sales were up 31.37%. While the Chinese market declined, overseas sales were up 146.42%. Looking deeper, the BYD brand saw the bulk of the decline, while premium brand Fang Cheng Bao stands out, with sales up 344.87% in September, driven by the Ti3 BEV and recently launched Ti7 PHEV, which have tended to be supply-constrained.However, this is BYD’s first YoY drop in sales since 2020. In a quarter when several other automakers saw increases. What’s happening?

The US is forging ahead with new measures to bar Chinese-made vehicles as well as certain software and hardware from the US market. Global automakers and their suppliers will now have to restructure their…

Chinese automakers BYD, MG, and Leapmotor hit record 9.8% hybrid sales share in Europe, shifting focus amid tariffs and EV competition.

September was the worst month of Q3 for the Chinese carmaker.

The global automotive industry in 2025 has found itself at the eye of a geopolitical storm. Major markets—including Europe, the United States, and China—have experienced heavy-handed policy interventions in the first three quarters of the year, forcing a rewrite of global supply chain rhythms. While overall vehicle sales have held relatively steady, automakers and their suppliers are seeing weaker order volumes and declining profitability.

Zacks highlights Tesla, Alphabet, Nio, XPeng, and BYD, with Tesla poised for a Q3 delivery beat fueled by Model Y updates, China demand, and renewed focus from Elon Musk.