Etiqueta: Tariffs

BYD does not have to pay steep per-automaker levies for China-made EVs when importing hybrids. By Stewart Burnett

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

From the Venice Film Festival to the pages of Italian newspapers, BYD is entering the national public sphere not merely as a car manufacturer, but as a cultural and political actor. The message is clear: China is not just selling cars — it seeks to redefine symbols and rules of the game, even by challenging [...]

The little BYD Dolphin Surf city car could lead the way to a mass market for electric vehicles in Europe because it won’t need subsidies or government edicts to sell.

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