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BYD is currently hampered by 45% EU tariffs. BYD vehicles should be much more cost competitive once they have a factory in the EU.
by xnx 2y ago
BYD is currently hampered by 45% EU tariffs. BYD vehicles should be much more cost competitive once they have a factory in the EU.
- toomuchtodo 2y agoBYD is planning on a second factory after the first in Hungary is operational (2H 2025, ~1-2 years ahead of schedule). https://www.reuters.com/business/autos-transportation/new-byd-bmw-car-plants-hungary-start-production-h2-2025-2024-11-14/ https://www.reuters.com/business/autos-transportation/new-by... https://www.reuters.com/business/autos-transportation/byd-will-consider-second-european-plant-2025executive-says-2024-05-09/ https://www.reuters.com/business/autos-transportation/byd-wi... https://www.reuters.com/business/autos-transportation/chinas-byd-build-new-energy-vehicle-production-base-hungary-2023-12-22/ https://www.reuters.com/business/autos-transportation/chinas...
- mgraupner 2y agoSource: https://www.reuters.com/business/autos-transportation/chinese-ev-makers-file-challenges-tariffs-eu-court-2025-01-23/#:~:text=The%20EU%20imposed%20tariffs%20on,car%20import%20duty%20of%2010%25. https://www.reuters.com/business/autos-transportation/chines... It's 27% for BYD and it was introduced end of October 2024, I guess it had no big effect on sales.