Tesla Rival BYD Slams EU Tariffs On Chinese EVs: 'Needs More Positive Education...Trust Is Low'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Source: Benzinga
EU Tariffs on Chinese EVs: The European Union's proposed tariffs of up to 45% on Chinese-made electric vehicles have raised concerns among automakers, particularly BYD, about increased costs for consumers and potential negative impacts on the automotive market.
Response from Chinese Automakers: Despite the tariff threats, Chinese brands like BYD and Leapmotor are continuing their expansion plans in Europe, while EU member states face criticism over the tariffs, highlighting tensions between protecting local industries and fostering international trade relations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
