Etiqueta: Tariffs

Chinese electric carmaker BYD expects to boost sales in Germany within six months, executive vice president Stella Li said in an interview published on Saturday. BYD would gain a foothold in Germany in "less than half a year," Li told the Frankfurter Allgemeine Sonntagszeitung (FAS) newspaper. She criticised European Union tariffs on China-made electric vehicles (EVs) from next month, which Germany had opposed, as a loss for the consumer, adding BYD would start producing cars by the end of 2025 in Hungary.

China's BYD expects to swiftly lift sales in Germany, executive tells FAS

BYD Co., China’s bestselling car brand, may initially offer electric vehicles in Germany for between €25,000 ($27,340) and €30,000, Executive Vice President Stella Li said in a newspaper interview.

Germany was one of five EU member states to oppose the introduction of EU tariffs on Chinese electric vehicles. What does this move say about Germany’s and Europe’s strategies toward Beijing?

German Chancellor Olaf Scholz's rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy.

In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition

The European Union backed tariffs of up to 45% on imported Chinese electric vehicles (EVs) on Friday as it looks to counter Beijing's subsidies for automakers now targeting Europe.

The new Trump administration might take a sequenced approach to tariffs, confronting the EU with difficult decisions