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BYD doesn\u2019t seem fazed by the European Union\u2019s new tariffs on Chinese electric vehicle (EV) imports. Analysts have calculated that the Chinese automaker\u2019s profits from EVs sold in Europe still far exceed those of local EU automakers.<\/span><\/p>\n The European Commission announced new tariffs on Chinese EV imports based on its ongoing anti-subsidy probe. The Commission placed tariffs as high as <\/span>38% on select EVs made in China<\/span> and imported into Europe. The new Chinese EV import duties will be implemented on the current 10% tariffs.\u00a0<\/span><\/p>\n Three Chinese automakers received individual duty rates because they cooperated with the European Commission\u2019s investigation. BYD received the least additional tariffs at 17.4%. In total, BYD\u2019s tariffs will be almost 30%.<\/span><\/p>\n