Apr 30, 2024, 6:07 AM
Apr 26, 2024, 10:00 AM

Europe considers imposing tariffs on Chinese EV imports

Highlights
  • Europe may need to impose tariffs of up to 55% on Chinese EV imports to protect domestic auto industries.
  • BYD's EV exports are sold at much higher prices in foreign markets than in China, aiming for better profit margins.
  • The threat of cheap Chinese electric vehicles disrupting European and US auto industries prompts discussions on imposing tariffs.

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