Chinese EV Makers Expanding into Eastern Europe to Bypass EU Tariffs
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Chinese EV exports declined 13.2% in June, marking a third consecutive monthly drop due to new trade barriers from the US and EU. In response, BYD plans to invest $1 billion in a Turkish factory to bypass EU tariffs, with production starting by late 2026. This facility, along with a new factory in Hungary, highlights BYD's strategy to navigate regulatory challenges and sustain its European market presence.
