BYD plans European factories to counter EV tariffs
Briefing by News4U · First published
BYD will build new European factories to maintain market share amid rising tariffs and reduced domestic support.
China’s BYD will build new factories in Europe to secure a bigger market share as the world’s largest EV maker faces reduced fiscal support at home and rising trade barriers overseas, SCMP Business reported. [1]
Sources
- BYD to build new factories in Europe to combat strict trade barriers targeting Chinese EVs
SCMP Business · · Summary only