Etiqueta: Tariffs

Peru's president met with Chinese electric vehicle maker BYD on Wednesday, inviting executives to set up shop on the Andean nation's Pacific coast where another Chinese firm is building a massive port to facilitate trade between the two countries. President Dina Boluarte told the executives that if BYD were to build a auto assembly plant in Peru, it would benefit from the Chancay port under construction by Cosco Shipping Ports, set to open in November, according to a government statement. "In either of those places, that's where the vehicle assembly industry could be setting up," said Boluarte.

Peru trying to lure BYD auto plant with industrial park incentive

The president of Peru met with BYD, a Chinese manufacturer of electric vehicles on Wednesday. He invited executives to establish…

Buffett’s holdings in the carmaker are down more than 70% amid increasing technology and trade tensions between the United States and China

North America and Southeast Asia are also favored destinations as firms look to avoid tariffs and better serve carmakers with local operations

There are still some big questions that remain for British motorists about this relatively little-known brand.

Warren Buffet's Berkshire Drops BYD Stake Despite EV Leader Seeing Record Sales

Ampersand Rwanda has partnered with Chinese electric vehicle and battery manufacturer BYD to produce 40,000 electric motorcycles in Kenya and Rwanda by the end of 2026.  The collaboration is a strategic move for both companies, positioning them at the forefront of the rapidly growing e-mobility market in East Africa.

BYD’s sales have been lukewarm since entering the Japanese passenger vehicle market, where it faces a rebound in the popularity of hybrids and loyalty to domestic brands like Toyota.

T&E’s paper looks at electric vehicle imports into Europe and what an effective response on both EVs and batteries might be.