Etiqueta: Tariffs

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Donald Trump's trade policies made BYD reconsider its plans, choosing to invest in Brazil instead of the US' next-door neighbor

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

Chinese EV giant BYD Co. Ltd. is expected to begin local EV assembly this month with a new plant in Brazil, following a strategic shift due to increasing import duties. In Bahia state and on the site of a decommissioned Ford factory, the new facility will help BYD cut down on imported vehicles and…

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

SAO PAULO (Reuters) -China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market. Alexandre Baldy, senior vice president for BYD in Brazil, said the goal is to assemble 50,000 cars this year at the plant in Bahia state from imported kits, adding that he is negotiating a lower tax rate on those vehicles. BYD had sent a surge of finished cars into Brazil this year to take advantage of temporarily lower tariffs, shipping some 22,000 from China in the first five months, according to Reuters calculations.

When word spread last winter that BYD was scouting central Mexico for a multibillion-dollar factory, governors from Coahuila to Querétaro rolled out the red

If there's one thing we know about Chinese manufacturing, it's how cheaply everything's produced compared to the U.S. The automotive sector is no exception.

The new Seal 6 DM-1 from BYD is a full featured plug-in hybrid with up to 90 miles of battery only range in the top of the line version.