BYD to build new factories in Europe to combat strict trade barriers targeting Chinese EVs

China’s BYD will build new factories in Europe for a bigger market share, as the world’s largest electric vehicle (EV) maker faces fiscal support pullback at home and rising trade barriers overseas, according to an executive. “Europe is a very important regional market for BYD. We will not let tariff increases affect local consumers’ choice of BYD,” said Liu Xueliang, vice-president at the Shenzhen-based carmaker, in a recent interview. Liu also reaffirmed that BYD was actively expanding its...