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

Will the EU tariffs have any effect?

Last year China became the world’s largest car exporter by volume but putting a dampener on the party has been the EC’s probe into Chinese EV subsidies which was launched last September. Finally yesterday (June 12) the European Commission (EC) concluded that battery electric vehicles (BEVs) and their supply chains in China benefit from unfair […]

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Nio’s Onvo L60 revealed 455 hp motors, to be powered by BYD battery

The key specs of the Onvo L60 electric SUV were revealed in China by the regulator as Nio applied for a sales license. The new EV will start deliveries in September. L60 dimensions are 4828/1930/1616mm (length/width/height), and the wheelbase is 2950 mm. Based on the powertrain option, the curb weight is 1,885 kg – 1,970 […]

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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 […]

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