Chinese electric car manufacturers, including MG Motor and BYD, will maintain low prices in Europe despite hefty tariffs imposed by the European Union.
MG Motor, Europe’s top-selling Chinese EV brand, has stockpiled vehicles to ensure stable pricing until the end of 2024, even with a 35.3% duty. BYD, facing 17% tariffs, is expanding its dealership network and offering discounts.
Chinese manufacturers aim to avoid price hikes for two to three years, potentially aided by government support. Meanwhile, companies like MG, BYD, and Chery plan to establish factories in Europe to bypass future tariffs.
