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البلاد
BYD builds amid EU curbs
China’s BYD plans to build new factories in Europe to strengthen its presence and counter trade barriers. The company said operations at new production facilities will begin soon, while high-volume commercial production at its plant in Hungary is expected to start in the fourth quarter of 2026. The move comes amid European measures that have raised tariffs on Chinese electric vehicles to around 45.3%, and China’s decision to cut the export tax rebate for new energy vehicles from 13% to 9%, effective April 1, 2027. A company official said the reduction would have little impact on BYD’s overseas sales, noting that the company is expanding its production capacity outside China to meet global demand.
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