N@N

China's EV giants shift gears toward the U.K. as tariff troubles mount in the U.S. and Europe

China's electric vehicle (EV) giants, such as BYD and NIO, are increasingly focusing on the U.K. market as a strategic move to circumvent growing tariff issues in the U.S. and Europe. The U.K.'s decision to delay the ban on new petrol and diesel car sales until 2035, coupled with its more lenient trade policies compared to the EU and U.S., makes it an attractive destination for Chinese EV manufacturers. This shift is driven by escalating trade tensions, with the U.S. imposing high tariffs on Chinese EVs and the European Union investigating subsidies that could lead to retaliatory tariffs. As a result, Chinese companies are establishing a stronger presence in the U.K., investing in local manufacturing and sales networks to tap into the growing demand for affordable and technologically advanced electric vehicles.

Read the Full Fortune Article at:
[ https://fortune.com/europe/2025/04/12/chinas-ev-giants-shift-gears-toward-the-u-k-as-tariff-troubles-mount-in-the-u-s-and-europe/ ]