Etiqueta: Tariffs

The company will begin building cars at its new factory in Hungary by the end of 2025 and a separate new facility in Turkey will come online shortly after.

The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.

As the global automotive industry rapidly electrifies, China’s consolidation of electric vehicle supply chains has caused geopolitical tensions. This has led both the United States and European Union to raise import tariffs on Chinese EVs – risking a possible trade war. This DGAP Policy Brief compares the approaches of the US and EU and recommends how Germany can support the EU’s position while ensuring fair competition for its automotive industry.

Despite increasing tariffs on Chinese EV imports, Chinese automakers continue to profit.

Chinese car maker looks at a world of car plants in drive to dominate global EV sales

For the past several years as the U.S.-China trade war has continued, Mexico has been the poster child for nearshoring, in which foreign companies whose primary market is the U.S.

The Biden government is increasing import duties on EVs by more than 100% with an eye on controlling imports from China, with increases on batteries and other products

BYD has bought prominent slots on pitchside advertising boards at the matches in Germany.

BYD's flexible pricing strategy, expansion into new markets, and development of luxury and plug-in hybrid vehicles position it for long-term success. See more here.