BYD outsmart the European Unions massive anti-China EV tax

BYD outsmart the European Unions massive anti-China EV tax

👇👇 Buy something and support The Electric Viking Store 👇👇

Size guide and other help for the store 👇

Join as a member in The Electric Viking YouTube►

Members-only videos (see videos before anyone else)►

👇 Please donate here for Shanna (Viking's wife) if you can 👇

See what happened to Shanna:

The Electric Viking on other platforms:

👇 See more about me 👇
👇 My Bali trip 👇
👇 Video about My Skateboard 👇

👇 Subscribe to my kids channel 👇

See more videos about BYD:
NEW 2025 BYD Dolphin gets more range and NO price increase

BYD's over the air updates with new features now rival Tesla

BYD just set a new global sales record - will overtake Toyota by 2030

BYD's Yangwang U7 EV has a smaller turning circle than a BYD Seagull

Tesla Model Y rival, the BYD Sealion 7, coming to Australia this year

BYD coming to America - New EV plant will be the biggest in Mexico

The NEW BYD Ming is an affordable large electric 7-seat SUV

BYD plans to take over Australia's auto market - and that's a good thing

BYD's Seal 06 GT electric hot hatch revealed with new e-platform

NEW 2024 BYD Atto 3 is way cheaper and better than the old model

BYD's new battery can charge an Electric Car in 10 minutes

BYD Denza N9, BYD Bao 3 and BYD Song L DM-i revealed in China

BYD's CEO says the US and Europe are being ‘afraid’ of Chinese EVs

BYD on track to beat Toyota by 2030 as global car deliveries skyrocket

NEW version of BYD Seal spotted in China will get 2 BIG improvements

New 'affordable' BYD electric MPV van spotted in China

Toyota tells dealers it has better cars than BYD after they complain daily!

BYD Shark pickup's Blade battery, power and range revealed

The fastest growing EV maker in the world is NO longer BYD

Bigger version of BYD Seagull might be Europe's cheapest electric car

BYD Sea Lion EV revealed with BYD's e-Platform 3.0 Evo platform

Toyota will stop using its 'old' hybrid tech and switch to new BYD systems

Nio, BYD, Zeekr, Xpeng, Li Auto and Xiaomi EV sales in April 2024

The 5 biggest Chinese car exporters - BYD comes in surprising last place

BYD sales rise an incredible 177% outside of China

#byd #europeanunion #factory #renewableenergy #china #evtax

👇Reference to the news/charts & videos used in this video:

This channel may use some copyrighted materials without specific authorization of the owner; but content used here falls under the “Fair Use” Copyright Disclaimer under Section 107 of the Copyright Act 1976.

Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

Contact us for any copyright issues. If you want a credit of any footage we are using, please let us know.

[larryevans]

Don't forget about Uzbekistan. BYD started mass production of cars there two weeks ago. Uzbekistan has free trade agreements with the EU, similar to Turkey.

The other thing to keep in mind here is that BYD is also looking build up consumer preference and infrastructure in developing countries. Kind of a bottom-up approach with more affordable vehicles, whereas most EV makers have initially concentrated on more expensive vehicles in wealthier markets. This has tended to lead them to become the dominant NEV brand in markets with growing car sales, whereas EU car sales are on a long decline and US has been roughly flat for decades.

[OnlyOneKich]

BYD sets up factories in countries friendly with China. If taxes, sanctions, or bans stop these BYD factories from serving nearby countries, they'll just focus on the host country, benefiting both China and that country.

Nowadays, countries are protecting their own interests, fair trade does not exist anymore. The EU forgets that China makes most of its car parts, so China might hit back with an export tax on those parts meaning EU made vehicles will become more expensive and china win’s again.

China's has thought about this strategy prior, a wave of quality EV’s wasn’t a coincidence.

[SuhandiWijaya]

The Chinese built a 21, 000+ KM wall surrounding them from Barbar attacks thousands of years ago, this was a cakewalk for them to figure out.

[sb-fxcp]

Technically, Turkey is a special case. Turkey is in the European Customs Union, and has preferential agreements with the EU. I think there are similar preferential arrangements with the recently separated UK. Morocco has some trade agreements with the EU and these agreements cover automobiles subject to duty-free trade into the EU, but there are major differences with Turkey's situation. The main reason BYD invests in Morocco is natural resources because thats facility is a battery production factory! They have investments for car manufacturing in Hungary and this is part of their strategy to avoid customs duties. Turkish investment has benefits not only in the EU but also in Turkey and some additional countries!

[_javiermontes]

It is well known this free-trade-area between EU and Turkey. BYD just does take advantage of it!

[sebyst]

This is common, and basically what the EU wanted, they want jobs and tech here. The tariffs are only until November anyways

[Baryshx]

The car you are driving now was probably produced in Turkiye. There are Honda, Toyota, Ford, Hyundai, Renault, Fiat and Mercedes factories in Turkiye. So they can make quality production...

[houseofhemp]

How is this any different or worse than what China did to allow Européen or US brands to sell in China?

Btw, they create jobs in the EU and neighbouring countries, leading Turkey and Morocco to become more prosperous and stable.

It’s a win-win.

[-POISON-]

BYD were being sold in Europe for more than twice their price in China even before the tax. They can afford it.

[LogistiQbunnik]

The scope of the manufacturing that has to take place in the countries you mention is actually VERY metodiculously defined to ensure enough of the process really takes place in the country. There are incredibly detailed lists of what has to be sourced locally, which parts can be pre assembled, which parts can be assembled into modules etc (worked for a company doing this for a while with cars that were to be built in India where complete sets of parts were shipped from CEE) to avoid taxes being levied. This is done because the incentive is to have the manufacturer create value, jobs/economic activity inside the market. And yes, doing that in Turkey, Marocco etc rather than just in China IS actually policy. It still makes the manufacturing more expensive for BYD and it has a positive effect on EU manufacturer's supply chains - they themselves also build cars and source parts in these countries.

[lesmajoros]

Audi have been manufacturing cars in Hungary for years, in Györ. So it’s smart to build a factory in Szeged, Hungary.

[amjedali]

BYD and other Chinese companies in any industries put up factories and have them up and running extremely quickly. We could have gotten car manufacturing back in Australia, but both state and federal governments stuffed around BYD. Turkey has their own car brand TOGG and one of the Fords I rented about a decade ago in the UK was actually made in Turkey.

[TankEnMate]

It won't make much difference, if the EU determines that products coming from Turkey are being subsidised to the point of dumping then tariffs will be applied. Why? Because part of the agreement Turkey has with the EU as a part of the free trade agreement is that Turkey won't allow dumping into the EU. This isn't "one magic trick that the EU hates and doesn't want you to find out about".

[basque]

Dont think this is about the EU.
BYD says this proposed factory will produce 150K cars a year.
Turkey sells nearly a million cars a year with a population of 90m, add to this 5 or 6 surrounding smaller countries around her. 150K cars a year factory probably will be serving this region alone.

[comeinhandynow]

This is one reason why the UK left the EU. The EU is corrupt and run by large conglomerates for larger company profits. Huge discounts go to Turkey and they are not even members of the EU. Same with Morocco (in exchange for France raiding the fishing around Morocco). Ford car factory shut in the UK and moved to Turkey with an EU loan. Madness!

[nanxingluo]

Win-win situaton for both China and Europe.

[Caffeinatedtechnerd]

I used to work for a USA company that had to make medical devices in China in order to avoid massive tariffs. We would make the machines in the USA and ship the parts to China for assembly so we could call it China made. This is not new, they are just copying our playbook. I think tariffs are terrible for European and USA consumers. We need to invite competition and out innovate if we don’t want to end up like Cuba.

[TAL]

The tariff is probably just to please the US. But what EU really want is to have the factory in Europe. Not sure Morocco, Turkey and Hungary are where they expected.

[johnwang]

Protectionist tariffs have usually back fired such as the 300% tariff against Bombardier that Boeing lobbied for just resulted in a dollar sale to Airbus so that the C series could be assembled in the States. Sure you can hurt the foreign companies but ultimately you hurt yourself and you don0't always get the advantages that you desire.

However, it should be noted that these tariffs against Chinese EV's are to insulate the fledgling EV manufacturers in the US and Europe from the rapid price collapse in EV batteries devastating the Chinese EV companies from spreading outside of China. Considerations for long term consequences of such tariffs might simply be ignored for the short term gain of buffering the price collapse in China. The tariffs are after all "protectionist" measures.

[Clarioner]

I'm not sure where Morocco fits into the plan... but Turkey have a free trade agreement with Europe and cheap(er) labour - so that makes complete sense... until the EU clamps down further to protect it's French and German car manufacturers that-is.