Etiqueta: Tariffs

BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances

Here are some basic facts about the EU's planned customs duties.

Chinese electric vehicle (EV) giant BYD has officially launched its first manufacturing facility in Southeast Asia. The state-of-the-art plant, located in Thailand, marks a pivotal moment in the company's international expansion strategy and further cements its position as a dominant force in the region's burgeoning EV market.

Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected.

05 Jul 2024 - Even though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.

Hong Kong stocks retreated, underperforming regional markets, after the European Union announced provisional import tariffs on Chinese electric vehicles.

Thailand is a regional auto assembly and export hub. Read more at straitstimes.com.

Chinese automaker BYD continues to expand its business in Europe by developing local partnerships.

BANGKOK — China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swinging tariffs on Chinese electric vehicle (EV) firms.