BYD to open Thai factory as new EU tariffs on China EVs kick in

Quick Summary:

The local industry fears an influx of Chinese imports barred from Europe.

The post BYD to open Thai factory as new EU tariffs on China EVs kick in appeared first on KrASIA.

The move, which has seen the Atto 3 SUV discounted by up to THB 340,000 (USD 9,234), reflects the fierce competition facing EV producers and other automakers in Thailand, where an economic slowdown and a rise in car loan rejections are weighing on sales.

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Article Details

Author / Journalist: Nikkei Asia

Category: TechnologyStartupsBusiness

Markets: ChinaAustraliaThailand

Topics: Electric Vehicles EV BYD Electric vehicle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-13 @ 00:30:39 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kr-asia.com

Language: English

Article Length: 99 words

Reading Time: 1 minutes read

Sentences: 34 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © KrASIA

News ID: 21658304

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About KrASIA

Main Topics: TechnologyStartupsBusiness

Official Website: kr-asia.com

Year Established: 2017

Headquarters: China

News Last Updated: 1 days ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #79

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