BYD tells EU to 'stay away' from tariffs as it expands European supply chain

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BYD tells EU to 'stay away' from tariffs as it expands European supply chain - Economic Times

Quick Summary:

BYD bought its German distributor Hedin Electric Mobility in August to take greater control of sales in the German market, which totalled just over 4,000 last year but slumped to just under 1,500 in the first half of this year, in line with an industry-wide slowdown in EV demand.

It is still deciding whether to pass the cost of tariffs - 17% for BYD on top of an existing tariff of 10% - onto consumers or absorb the hit, Li said, adding she did not expect BYD to be able to sell cars in Europe for under 30,000 euros ($32,745).

Also in Paris, Tianshu Xin, CEO of the Leapmotor International JV controlled by Stellantis, said the EU tariffs could impact which models the company makes in Europe at Stellantis plants, but said it was too soon to say which ones.