- BYD says it will build new factories in Europe to expand market share while EU tariff hikes and quotas on hybrid imports from China take effect.
- BYD vice-president Liu Xueliang said the company will not let tariff increases affect local consumers' choice of BYD and that new European plants are set to launch soon.
- BYD overseas CEO Stella Li previously said a Hungary plant will begin mass production in Q4.
- The article says BYD faces fiscal support pullback at home alongside rising trade barriers overseas.
Quotes
“Europe is a very important regional market for BYD. We will not let tariff increases affect local consumers’ choice of BYD”
“a plant in Hungary will kick off mass production in the last quarter of the year”