Chinese EV Makers See EU Sales Slump as Tariff Row Deepens

Chinese electric car brands are facing a decline in Europe due to new tariffs, with MG experiencing a 42% drop in sales. BYD, however, thrived with a 162% increase in registrations, despite ongoing trade tensions. The EU imposed provisional duties on Chinese-made EVs, leading to import fees as high as 45%. MG, now part of SAIC, has been hit the hardest, while BYD is making a strong push into the European market. Despite the challenges, overall EV sales in Europe increased, with Tesla’s Model Y and Model 3 leading the pack. The outcome of the US election could also impact discussions on protectionism in the future.