EU tariffs push BYD into Hungary, with 3 more European factories planned

Photo Credit: iStock Chinese EV giant BYD is responding to Europe’s tougher trade rules with a straightforward strategy of making its vehicles where it intends to sell them. That expansion could have effects well beyond the company’s internal planning. If BYD can build both cars and batteries inside Europe, it may be better positioned to avoid tariff-driven price pressure and put more electric models in front of consumers. Here’s what to know The company is bringing its initial European plant into production in Hungary while preparing for a broader regional buildout, as Reuters reported. Production is beginning at BYD’s Hungary…