Etiqueta: Tariffs

We recently compiled a list of the 12 Biggest EV Stocks In the World Heading into 2025. In this article, we are going to take a look at where BYD Company Limited (OTCPK:BYDDY) stands against the other EV stocks. Vehicle Market Outlook for 2025 Reflects Mixed Opportunities According to the S&P Global Mobility report, global vehicle […]

Allegations spark tensions as BYD cuts ties with contractor amid labor rights concerns, passport disputes, and China's push for stronger Brazil ties.

Bracing For A Tariff War | Global Finance Magazine

A task force said it had rescued 163 Chinese nationals who were working in “slavery-like” conditions at BYD’s construction site in northeastern Brazil.

The Chinese automaker is known for using cheap labor to reduce the price of its EVs, with Brazil becoming its largest overseas market.

More than 160 workers have been rescued, according to local prosecutors.

Beijing believes Brussels has left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario of high levies on EV imports to Europe.

Amid rising geopolitical tensions, the electric vehicle industry is becoming a growing focal point of international competition between Western developed countries and China.

China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it girds for more trade tensions with the U.S. as Donald Trump returns to the White House.

The “four rings” turns to “four letters” in China—a choice that also signals deeper shifts in the global auto market, where Chinese automakers now dominate.