megaThan0S@alien.topcakeB to Electric Vehicles@gearhead.townEnglish · 1 year agoWhy isn’t BYD in the US yet?message-squaremessage-square69fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-squareWhy isn’t BYD in the US yet?megaThan0S@alien.topcakeB to Electric Vehicles@gearhead.townEnglish · 1 year agomessage-square69fedilinkfile-text
minus-squareStreetwind@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoExpanding into Europe first makes more sense because the European EV market is bigger and growing faster than the US one. Additionally there is less anti-Chinese sentiment in the EU.
minus-squareGjrts@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoEurope has no tariffs on Chinese batteries. US has. So USA is getting the slightly better but much more expensive South Korean batteries, Europe is getting the much cheaper Chinese ones.
Expanding into Europe first makes more sense because the European EV market is bigger and growing faster than the US one.
Additionally there is less anti-Chinese sentiment in the EU.
Europe has no tariffs on Chinese batteries.
US has. So USA is getting the slightly better but much more expensive South Korean batteries, Europe is getting the much cheaper Chinese ones.