Etiqueta: Tariffs

The facility is expected to have an initial production capacity of 25,000 units annually on a double shift schedule.

Chinese automakers, especially in the new-energy vehicle (NEV) sector, are increasingly adopting a localized globalization strategy by building factories in overseas markets, as they embrace global collaboration with openness and innovation amid growing global uncertainties caused by Washington’s tariffs policy.

Chinese automaker BYD said on Thursday that it is still on schedule to begin production at its first European passenger vehicle factory by the end of this year.

KARACHI (Reuters) -Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday. The Pakistan plant addresses rising demand from emerging markets and allows the company to take advantage of incentives offered by the Pakistani government. The plant has been under construction since April near Karachi in a partnership between BYD and Mega Motor Company, a subsidiary of Pakistani utility Hub Power, Danish Khaliq, vice president of sales and strategy at BYD Pakistan, told Reuters.

The trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers.

Chinese electric vehicle maker BYD has reportedly decided to decelerate the pace of the scheduled mass production at its €4 billion ($4.64 billion) plant

BYD (OTCMKTS:BYDDY) Shares Gap Up - Here's Why

BYD's Strategic Expansion in Pakistan and the EV Ecosystem: A Convergence of Policy, Infrastructure, and Market Potential

BYD is set to delay the start of series production at its Hungarian electric car plant, previously planned for the end of 2025, and will also scale back

BYD's luxury brand Yangwang will enter European market in 2026 as sales fall in China. Yangwang EVs could face 17% tariffs in the EU.