Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO
Baua Electric
JUNE 12, 2024
Global markets are now flooded with cheaper electric cars,” EU Commission President Ursula von der Leyen said in her annual speech to the European Parliament. He explained it would only damage trade relations and the global supply chain. With low-cost EVs, Chinese EV makers are quickly expanding in key global automakers.
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