The tariffs imposed on Chinese electric vehicle exports to Europe may result in short-term higher prices and a slight slowdown in sales. However, it is unlikely to deter Chinese companies from targeting EV sales in Europe in the long term. Chinese companies like BYD are already well-established in Europe and investing in local manufacturing, potentially offsetting the impact of tariffs. Despite the tariffs, Chinese companies still hold a competitive edge in the market, and the overall impact of the tariffs on Chinese EV sales to Europe remains uncertain.
Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid out his party’s manifesto. Plus, Toyota is caught up in a scandal. Will it matter during next week’s shareholder meeting?
Mentioned in this podcast:
Japan’s top carmakers caught in widening testing scandal
What the EU’s tariffs on electric vehicles mean for China
Keir Starmer sets out plans to raise £8.6bn in tax at Labour manifesto launch
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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