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Global EV Market Sensitivity to Fuel Prices
Comparative impact of rising fuel costs on EV consumer interest and adoption rate.
Primary Sources
BYD in Talks With Stellantis and Other Carmakers to Take Over EU ...
BYD is in talks with Stellantis and other European automakers about acquiring underutilized factories across the continent, the Executive VP Stella Li said on Wednesday. Speaking with Bloomberg, Executive VP Stella Li said the world’s largest seller of electric vehicles is discussing potential deals to take on plants in countries including Italy. Li made the remarks on the sidelines of the Financial Times’ Future of the Car conference in London, which EV attended. “We are talking to not only Stellantis, we’re talking to other companies too,” Li told Bloomberg. “We are looking for any available plant in Europe because we do want to utilize this kind of spare capacity.” According to the executive, BYD would prefer to operate the plants independently rather than through joint ventures — a position consistent with her earlier stance on potential manufacturing in Canada, where she told Bloomberg that a joint venture arrangement would not work for BYD. Push for Local Production The move would mark an escalation in the broader trend of Chinese automakers using local production to bypass the European Commission’s countervailing duties on Chinese-built EVs, imposed in October 2024. The Commission concluded its anti-subsidy investigation after determining that China’s EV value chain benefits from unfair subsidization that threatens economic injury to EU producers. Individual duty rates vary by manufacturer. BYD faces a 17% countervailing duty on top of the EU’s standard 10% import tariff, bringing its combined rate to 27%. Geely faces 18.8%, while SAIC Motor — which owns the MG brand — was assigned the highest rate at 35.3%. Combined with the base rate, Chinese EV makers face total tariffs of up to 45.3%. Plug-in hybrid models are exempt from the countervailing tariff — a factor that has shaped BYD’s product strategy on the continent, where the company has been steadily expanding its PHEV lineup. China has filed a formal complaint at the World Trade Organization seeking to overturn the duties. Earlier this year, SAIC, BYD, and Geely challenged the measures before the Court of Justice of the European Union. The Commission has since issued guidance allowing Chinese manufacturers to propose minimum import price agreements as an alternative to the duties, with negotiations ongoing. The tariffs were prompted in part by the scale of Chinese government support for the EV industry. BYD received 12.47 billion yuan ($1.8 billion) in government subsidies relate...
North American EV Demand Drops Sharply Despite Rising Global ...
2 hours ago ... EV demand across the globe surged in April as steep gas prices and ... Ltd.'s (OTC:BYDDY) (OTC:BYDDF) Executive Vice President Stella Li said that it ...
BYD Talks to Stellantis, Others About Taking Europe Plants
4 hours ago ... The world's largest seller of electric vehicles is discussing potential deals to take on plants in countries like Italy, Executive Vice President Stella Li said ...
China car giant BYD says it can thrive without US - MSN
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most ...
