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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.
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El fabricante chino de EV BYD y la compañía de baterías Gotion High-tech amplían la producción europea para evitar tarifas y satisfacer la demanda de EV.