China’s EV makers foresaw EU tariffs and already have a plan

Visitors check out BYD cars during the China Auto Show in Beijing in April. (Image: AP)

Fri, 14 Jun 2024

By Selina ChengChinese electric-vehicle makers, increasingly a global force, have been bracing for months for the prospect of hefty tariffs in Europe, one of their most promising markets. When that day arrived on Wednesday, many were prepared.Some have already started building factories on the continent, while others have set up joint ventures with companies in the bloc. Still others are looking at exporting to Europe from third countries, such as Thailand, while some are throwing in the towel on Europe altogether, directing their attentio...

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