The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.
The EU hit Tesla with an additional 7.8% tariff for Model 3s exported to Europe from China. An investigation found that the Chinese government had provided unfair subsidies to local brands. Tesla accounted for roughly 28% of all Chinese-made EVs exported to Europe in 2023.
American manufacturers like Tesla, Ford, and General Motors have dominated the EV space over the past few years, but there's a strong fear that BYD ’s supposed arrival may alter this. The American EV landscape started as somewhat of a playground for domestic innovation,
Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B
Chinese EV makers BYD, Geely, and SAIC contested EU's import duties at Court of Justice. Tesla excluded from tariffs, gaining only 7.8% tax.
GEELY AUTO (00175.HK), and SAIC Motor (600104.SH) filed a lawsuit in the EU General Court on Tuesday (21st) to challenge the EU's imposition of additional tariffs on imported Chinese EVs, according to Reuters.
BYD Company Limited surpassed Tesla, Inc. as top EV maker with vertical integration strategy through Mexico production facilities. Click for more on TSLA and BYDDF.
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
China's BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday, as it aims to expand its lineup in the country to seven or eight models over the next two years or so.
Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce
Across Europe, Chinese carmakers held onto 8.2% of the EV market in December — a slight bump up from November but still below the average.
BMW and Tesla have both filed cases with the EU's Court of Justice challenging the EU’s recent decision to hike tariffs on Chinese-made BEVs.