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Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO

Baua Electric

How will the new EU tariffs impact Chinese EV makers like BYD and NIO? The EU launched an investigation into Chinese EV subsidies in October as imports climbed. And their price is kept artificially low by huge state subsidies,” the EU Commission leader added. Why is the EU imposing new duties on China EV imports?

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Stellantis, Leapmotor officially launch joint venture to sell Chinese EVs in Europe this fall

Baua Electric

The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow. billion stake in Chinese OEM Leapmotor. Today’s event is merely a confirmation of a launch we’ve been expecting for quite some time. We now have our answer. Source: Leapmotor International Leapmotor Intl.

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China EV day-to-day: CAAM revises honest marketplace layout constancy, Voyah Zhuiguang PHEV debut, BYD ATTO 3 tops EV gross sales in Thailand and Israel

Baua Electric

Pacific Auto [BYD] On July 8, BYD’s reliable Weibo submit mentioned lately that, consistent with Autoliofethailand information, BYD ATTO 3 used to be the top-selling electrical car in Thailand within the first part of 2023.

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BYD nears huge Mexico EV plant deal with 50,000 sales in sight this year

Baua Electric

After already becoming an EV leader in overseas markets like Thailand, Israel, and Australia, BYD is rapidly expanding its presence in South America. Chinese vehicles accounted for 40% of the total, as imports surged 450% from Q1 2023. With higher prices, BYD makes more on EVs sold in Europe than in China.

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