Etiqueta: turkey

Port congestion, competition pressures loom as Mexico set to increase tariffs on Chinese vehicle imports Automakers in Asia and logistics firms around the world are grappling with uncertainty as they begin to prepare for the impact of an increase in Mexico’s tariff on Chinese vehicle imports from 20% to 50%. This change was announced in […]

Britain has become a battleground for Chinese carmakers because of strong EV sales and absence of import tariffs

Europe's car industry faces an acute demand shock from Chinese overcapacity & US tariffs. Instead of bailouts & regulatory rollbacks, member-states should co-ordinate buy-European EV subsidies & revive internal demand.

Europe’s car industry faces a perfect storm. Chinese car exports are surging, European producers are being squeezed out of global markets, US tariffs are rising, and domestic demand remains 20% below pre-pandemic levels. Instead of sliding into a costly muddle of regulatory rollbacks, bailouts, and fragmented national subsidies, the EU should harness its single market - 450 million consumers and a vast corporate sector - to drive demand for Europe-made vehicles. That means co-ordinating consumer subsidies with a buy-European clause, applying it to both private and corporate fleets, and using it as a platform for reciprocal EV-subsidy agreements with trusted trade partners. A window for action is open: Germany, France, Italy, and Spain all need to renew their EV-support schemes in the coming months. Together, they represent 70% of EU car registrations—and could launch broader European coordination.

According to data compiled by Gasgoo Auto motive Research Institute , BYD s overseas passenger vehicle exports remain at a high level, with the top 10 destinat

China-based automaker BYD is considering Spain as its leading candidate for a third car factory in Europe.

China’s top EV manufacturer BYD is considering Spain as the preferred site for its third European production facility, according to sources familiar with the

U.K. sales jump 880% to 11,271 last month

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain's aim of becoming a major hub for electric vehicle production. One of the sources said Spain is favoured by BYD because of its relatively low manufacturing costs and clean energy network. While it is known that BYD has been looking for a third plant to serve the European market, Spain's emergence as a frontrunner has been previously unreported.

BYD’s European EV Invasion – Boom in Sales but Stock Takes a Hit! - TechStock²