The EU and China are expected to continue talks to find an alternative to tariffs, possibly on a way to control prices and export volumes instead.
BYD, China’s bestselling car brand, may initially offer electric vehicles in Germany for between EUR25,000 ($35,722.50) and EUR30,000, executive vice president Stella Li said in a newspaper interview.
“We are still working on our plan,” Li told Frankfurter Allgemeine Sonntagszeitung. She predicted it’ll take “less than six months” to persuade potential German buyers. “We need to give them some time to gain trust in BYD,” Li said.
European Union countries decided in a divisive vote last week to impose tariffs of as much as 45% on electric vehicles from China, a response to the speed and sophistication of Chinese EV makers that threatens European manufacturers on their home turf.
