BYD Warns Against EU EV Tariffs
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global EV industryBenzinga
•Tesla’s Chinese rivals slam EU tariffs on Chinese-made electric vehicles (EVs) at Paris Car Show
67% Informative
European Union's proposed tariffs on Chinese -made electric vehicles could increase costs and discourage buyers, warned BYD (OTC: BYDDY ) on Monday .
The European Commission announced earlier this month that the tariffs, reaching up to 35.3% , were supported by EU member states.
This move aims to address perceived unfair subsidies by China .
China denies these claims and has threatened retaliatory measures.
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