Etiqueta: Tariffs

Chinas top electric car maker BYD is developing a new model specifically for the Indian market. This move signals BYDs commitment to expanding its presence in India. The company aims for significant overseas growth this year. BYD is focusing on markets outside the US due to tariffs. New hybrid models are also planned to attract a wider customer base.

Shenzhen-listed shares of BYD Group fell over 4.2% on Monday, closing at 87.05 yuan — the lowest price in 16 months — a day after the company reported its weakest sales figures in nearly two years.…

BYD has begun trial production with a delay at its new passenger car plant in Szeged, Hungary, Mayor László Botka told the media. Series production at the

Canada and South Korea are working toward a new trade deal that would bring more auto manufacturing to that country.

As Canada prepares to reopen the door to Chinese-made electric vehicles (EVs) under a new tariff-quota system, most attention has been focused on which automaker could move fastest once restrictions ease. While Tesla appears best […]

BYD began on Thursday trial production at its first European plant in Hungary, following delays in completing construction of the passenger vehicle factory.

Rivian’s founder and Chief Executive Officer RJ Scaringe praised BYD and Xiaomi for their highly competitive EVs, both in technology and pricing, while also acknowledging that government subs…

Chinese car brands’ inroads in Mexico have unnerved Washington, rattled established automakers and alarmed the Mexican government, which is throwing up trade barriers. But even in the face of  new tariffs, China-made cars face little competition in the country’s growing market for electric vehicles. Cheap prices, government subsidies and a growing charging network all point to continued sales growth for China’s automakers in the country. Bloomberg News Mexico Business Reporter Amy Stillman details the rise of brands like BYD just across the border from the United States, and what it signals about car market competition and trade. Amy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)

BYD already has a strong foothold in Mexico, accounting for around 70% of electric and plug-in hybrid sales. Now, the...

Chinese automakers see opportunity in the U.S., but analysts warn tariffs and politics make meaningful entry far from imminent.