Chinese EV maker BYD and battery firm Gotion High-tech expand European production to avoid tariffs and meet EV demand.

Chinese EV maker BYD plans to build a manufacturing plant in Hungary for its Dolphin and Atto 3 models by 2025 to avoid EU tariffs. Meanwhile, battery maker Gotion High-tech, backed by Volkswagen, is investing $2.6 billion to establish battery facilities in Morocco and Slovakia, each with a 20 GWh capacity. These moves aim to strengthen their presence in Europe and meet growing demand for EVs.

3 months ago
6 Articles