• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. Leonhard Simon
A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. Leonhard Simon
Home
Business
Autos & Transportation

China's BYD, SAIC's MG undecided on EV price hikes due to tariffs, sources say

June 21st, 2024 | 09:13 AM BUSINESS Autos & Transportation 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say
Chery's robot unit eyes IPO, targets overseas market for police robots
Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet
China's Pony.ai plans to deploy more than 4,000 robotaxis abroad
By Reuters

Chinese carmakers BYD (002594.SZ) and SAIC subsidiary MG have not yet decided whether they will increase prices on electric vehicle sold in the European Union to offset the impact of additional duties, sources close to the two groups have told Reuters.

The sources said that there would be no decision before July 4 when the provisional duties take effect.

They declined to be identified because the information is confidential.

The companies did not immediately respond to a request for comment.

A spokeswoman for Dacia, Renault's low-cost brand (RENA.PA) whose electric Spring is imported from China, said that an announcement on its price was "not on the agenda". It will be subject to a 21% duty.

WHY IT'S IMPORTANT

Tesla is the only carmaker to announce plans to increase prices - on its Model 3 - to compensate for the higher cost at European borders as a result of the tariffs.

Analysts expect other manufacturers producing in China will pass on part of the extra cost to consumers.

CONTEXT

Last week, the European Commission proposed tariffs of up to 38.1% on EV imports from China despite Beijing's protests, plunging trade ties to a new low and risking punitive action from the world's second-largest economy.

MG faces tariffs of 38.1%, on top of the current 10% tariff, while for BYD the new tariffs amount to 17.4%.

  • Topic
  • Europe
  • SAIC MOTOR
  • CHINA/BYD
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Related Posts

Autos & Transportation
August 19th, 2026

Samsung hikes chipmaking prices by up to 15% on demand spike, sources sa...

Autos & Transportation
August 19th, 2026

Chery's robot unit eyes IPO, targets overseas market for police robots

Autos & Transportation
August 18th, 2026

Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet

Autos & Transportation
August 18th, 2026

China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

Autos & Transportation
August 17th, 2026

Tesla prepares for Cybercab launch in August starting with rides to empl...

Autos & Transportation
August 17th, 2026

Uber, Zipline partner on US drone delivery for Uber Eats

The Wire
Aug 20th 1 h ago
Investigates

In China, rocket launches fuel tourism and space-age dreams

Aug 19th 2 h ago
Asia Pacific

Japan exports rise 23.2% year/year in July

Aug 19th 2 h ago
Baseball

D-backs score twice in 10th, salvage series finale at Red S...

Aug 19th 2 h ago
Government

US tells schools not to alter discipline policies to reduce...

Aug 19th 3 h ago
Transactional

China tax crackdown forces wealthy investors to assess thei...

TRENDING ON FINANCETIME
Aug 19th, 2026 Tennis

Paul ousts top seed Zverev to reach Cincinnati quarter-finals

Aug 19th, 2026 Litigation

AIA Group's first-half new business value rises 10%

Aug 19th, 2026 Energy

Brazil's largest thermal power plant shut down after equipment failure

Aug 19th, 2026 United Kingdom

Key moments in Prince Harry and Meghan's six years in California

Aug 19th, 2026 Sports

Orioles reinstate C Samuel Basallo (shoulder) to active roster

Markets-Sectors
ENERGY -0.16%
FINANCIALS -0.62%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT