Automotive industry: Study: BYD intensifies price competition for hybrid cars
The automobile manufacturer BYD is putting pressure on German manufacturers with plug-in hybrids. The Chinese are scoring with low prices and high discounts. Is a new tariff debate now threatening?
BYD is intensifying price competition for plug-in hybrids in Germany, according to industry expert Ferdinand Dudenhöffer. The Chinese automaker is offering low list prices and high discounts, with its two models in the top 15 best-selling plug-in hybrids having discounts of 27.5% and 31.8% in August. This has helped BYD achieve top positions in new registrations of plug-in hybrids in Germany, including a 10.7% market share in July.
German Environment Minister Carsten Schneider has called for tariffs on Chinese plug-in hybrids, citing the need for fair competition.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
