Comment by kwere
2 months ago
Brazil, Turkey, Indonesia and many other countries turned sour on importing chinese EVs in favour of some kind of protectionism. Most developing countries dont have the infrastucture for EVs. Europe hit BYD with a 17 % tariff (10% being the standard)
BYD has factories in Brazil: https://valorinternational.globo.com/business/news/2024/09/0... https://en.byd.com/news/byd-company-announces-first-factory-...
why does that matter?! :)
When they're locally built, tariffs don't apply. Like Japanese, Korean and European car manufacturers, BYD will do the same in Mexico and eventually the US if necessary.