The European Union has sharply raised import duties on Chinese electric vehicles to address what it sees as unfair competition.Starting Friday, provisional tariffs of up to 37.6% will be imposed on China-made EVs coming into the EU, on top of the standard 10% tariff on imported cars.
Meanwhile, China’s BYD opened a new factory in Thailand, its first in Southeast Asia, as part of a push to expand its global reach.
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