Tariffs on Chinese electric cars are an escape from reality - Bloomberg TV Bulgaria - World Latest Movie, Series, Videos and Trailers | fetery.com

Tariffs on Chinese electric cars are an escape from reality

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Bloomberg TV Bulgaria

Published on Nov 5, 2024

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BYD is not quite a Chinese company, just as Tesla is not quite an American company. The main owners of BYD are Warren Buffett, Bill Gates and BlackRock. There are innovations from all over the world. The current boom, which is reported in the financial statements, is the result of many years of effort. Their success in international markets is no surprise or coincidence. This was said by Lachezar Dinev, chairman of the Bulgarian-Chinese Chamber of Commerce and Industry, in the program "In Development" Bloomberg TV Bulgaria with host Rosen Stoychev. One of the first places where BYD received licenses was California - back in 2013. The production prices of electric cars in China are nearly three times lower than those in Europe. Europe has imposed a nearly 50% tariff, yet these cars remain cheaper. Their expansion is not only due to the price, but also to the quality and level of equipment. I don't see what the Chinese manufacturers have to worry about. There is not much difference between what Elon Musk and Tesla are doing and what BYD is doing.

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