EU imposes tariffs on Chinese EVs: BYD 17.4%, Geely 20%, SAIC 38.1%

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 […]

The post Nio’s Onvo L60 revealed 455 hp motors, to be powered by BYD battery appeared first on CarNewsChina.com.

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.