Etiqueta: Tariffs

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.

BYD moves to shield itself from looming US tariffs as President-Elect Trump threatens new import taxes on Chinese, Canadian, and Mexican goods. The China-based EV giant has reportedly ordered suppliers to slash costs by 10% starting in 2025.

Toyota, BYD Co and Honda have been highlighted in this Industry Outlook article.

As BYD prepares to enter South Koreas EV market in 2025, Kia and Hyundai show no signs of concern. Experts highlight that tariffs, subsidy issues, and local consumer preferences make it challenging for BYD to compete with...

BYD plans to launch passenger EVs in 2025, but insiders say it’s unlikely to sway local buyers.

“This is sort of a good thing for the reputation of Chinese-made cars in Europe over the long term,” said Paul Gong, head of China auto research at UBS.

The Sheinbaum administration’s relations with the Asian giant, particularly in the auto industry, is straining Mexico’s ties with its North American partners ahead of the 2026 USMCA review

The $7,500 tax credit requires EVs to source battery materials outside China. Cutting it could undermine investment in the U.S. battery supply chain.

Mexico's auto production hits record highs, but investment in logistics, security, and digital infrastructure is critical to meet growing North American demand.