Etiqueta: Tariffs

The Atto 2, which complements the larger Atto 3 released in 2022, is the group's most accessible SUV yet and will compete in the B-SUV segment, a company spokesperson told Reuters. The launch comes two months after the European Union approved increased tariffs on Chinese-built electric vehicles (EVs), including BYD ones, of up to 45.3%. The Atto 2 will compete in Europe's so called B-SUV segment of compact EV SUVs with rival models including Stellantis' Peugeot e-2008, Citroën e-C3, Opel Mokka-e and Fiat 600e, the Kia Niro, and later this year Renault's new R4.

Officials announce probe in July after Brussels began looking into whether Chinese government subsidies were undermining European competition

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China's booming EV market tips the scales as Tesla fights to keep its crown against BYD's relentless rise.

BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of 2024, as Tesla's sales for the period fell short of expectations. Shenzhen-based BYD beat Austin, Texas-based Tesla by more than 20 per cent in terms of deliveries. In the fourth quarter, BYD delivered 595,412 battery electric vehicles (BEVs) to customers, up 13.1 per cent from a year earlier. The company, which counts Warren Buffett's Berkshire Hathaway as a shareholder, a

BYD reports record sales of 1.76 million EVs in 2024, intensifying competition with Tesla for the top spot in the global EV market.

BRAND HEALTH CHECK: After outpacing Tesla in revenue and smashing sales records in 2024, China's EV powerhouse faces its biggest challenge yet. With the EU slamming on 45% tariffs and the U.S. market locked down, can BYD jump-start its global ambitions, or will trade barriers force a power-down?

A drop in global Tesla deliveries in 2024 and a surge in BYD EV sales has increased pressure on the world's biggest BEV brand.