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BYD drives ahead on European journey, undeterred by new tariffs

China’s leading EV maker unveiled plans to bring its cars to Germany, even as talks between China and the EU to head off European EV tariffs remain deadlocked

This article only represents the author's own views.

What, me worry? That seems to be the attitude these days at leading Chinese electric vehicle (EV) maker BYD Co. Ltd. (002594.SH; 1211.HK), which is cruising ahead into Europe despite the anti-dumping tariffs levied against its cars by the EU. The company has revealed a European roadmap that includes a drive through in Germany, as China and the European Commission remain deadlocked in ongoing talks to reach a deal that would end the tariffs.

The EU began investigating Chinese EVs last October over allegations of unfair state support and announced its results in mid-June. It later imposed provisional tariffs on Chinese EVs ranging from 7.8% to 35.3% on top of an existing 10% tax on all cars imported into the market. The additional anti-dumping tariffs were officially approved by the European Commission after a vote early this month.

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