Electric shock

“We don’t want to have Chinese neighbours that sell at a loss in Europe and then put the automotive industry on their knees”


Carlos Tavares, CEO of carmaking giant Stellantis, talking at the Paris Motor Show last week where both BYD and Great Wall had huge stands promoting their electric vehicle brands. Tavares called for the EU to impose tariffs on EVs from China. Meanwhile BYD has announced a 350% surge in third-quarter profits to Rmb5.7 billion, exceeding its record Rmb2.8 billion haul in the second quarter.

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