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International Business Times
International Business Times
Business
Taimaz SZIRNIKS

Chinese Electric Car Companies Cope With European Tariffs

European Union Europe BYD MG MG Motor FIAT
Starting at the end of October, Chinese electric cars imported into Europe will be subject to tariffs as high as 45 percent (Credit: AFP)

MG Motor, BYD and other Chinese electric car manufacturers say they will maintain their low sticker prices in Europe even after being hit with hefty tariffs this month.

MG, the best-selling Chinese electric car brand in Europe, says it will guarantee its prices until the end of 2024, having stockpiled cars before the duties took effect.

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