BYD describes the impact of EU tariffs on imported Chinese EVs as “temporary damage” and anticipates it will be the best-positioned Chinese brand in the coming years thanks to local production plans and a flexible powertrain offering.
The brand, which has grown rapidly in Europe over the past two years, is due to open a new factory in Hungary by the end of next year, and another in Turkey soon after.
These will allow it to build European market cars in Europe and avoid the substantial tariffs imposed on Chinese-manufactured cars by the EU.
