Category: tariffs

BYD profit in EU is 10x higher than in China and even with new 30% tariffs, still makes 5,000 USD per vehicle, report says

BYD makes a profit of 15,400 USD on BYD Seal U in Europe, compared to 1,400 USD in China. This means BYD makes 14,000 USD more profit, referred as EU premium, on every Seal U model sold in the EU, according to a report by Rhodium Group. On June 12, the European Commission (EC) investigation […]

The post BYD profit in EU is 10x higher than in China and even with new 30% tariffs, still makes 5,000 USD per vehicle, report says appeared first on CarNewsChina.com.