British media: China becomes the innovation center of electric vehicles. US tariffs make Western automakers increasingly lag behind. For large automakers, the current situation is rather tough. But if you are a Chinese automaker, the situation may not be so bad...

British media: China becomes the innovation center of electric vehicles. US tariffs make Western automakers increasingly lag behind. For large automakers, BYD is facing a rather tough situation at the moment. But if you are a Chinese automaker, the situation may not be so bad...

via cnBeta.COM Chinese industry news website - Telegram Channel

Telegraph
British media: China becomes the innovation center of electric vehicles. US tariffs make Western automakers increasingly lag behind. For large automakers, BYD is facing a rather tough situation at the moment. But if you are a...

British media: China becomes the innovation center of electric vehicles. US tariffs make Western automakers increasingly lag behind. For large automakers, BYD is facing a rather tough situation at the moment. But if you are a Chinese automaker, the situation may not be so bad. US President Trump plans to impose a 25% tariff on imported cars and key auto parts, aiming to force automakers to move production to the US and create jobs. As soon as the news came out, the stock prices of European and Asian automakers fell. The stock prices of US automakers also declined because their costs will increase. However, BYD's stock price rose on Thursday because the US tariff move may make Western automakers further lag behind BYD and its Chinese counterparts. Just as Chinese automakers are launching more affordable, technological...