BYD localizes production in Europe to work around tariffs

The Chinese automotive corporation plans to produce most of its EVs for the European market locally to avoid barrier fees.

The company has already begun the construction of car factories in Hungary and Turkey. Once complete, they should drop the tariffs from the current 27% to just 10%.

In a recent interview, BYD Executive VP Stella Li admitted that she still found the prohibitively high import taxes “unfair” and felt that it would only be right to try and avoid paying them. She added that the company never planned to sell its electric vehicles in the EU for less than €30,000, so the affordable segment of the market should stay open for the competition.