- The UK is under pressure to align with EU trade defense measures, including tariffs on China-produced electric vehicles, to be exempt from the bloc's Made in Europe localization rules.
- The UK is BYD's largest market outside China, and Chinese EV makers selling there may face higher UK import tariffs.
- Turkey, Japan and South Korea also seek exemption from the EU's localization rules, according to the report.
Quotes
“The U.K. is BYD's largest market outside of China.”