China's BYD to produce all EVs for Europe locally by 2028, executive says

Core Viewpoint - BYD, China's leading automaker, plans to manufacture its electric vehicles (EVs) locally in Europe within three years to avoid EU tariffs, with plug-in hybrids expected to dominate its European sales in the short term [1] Group 1: Company Strategy - BYD aims to produce EVs in Europe to mitigate tariff impacts [1] - The company anticipates that plug-in hybrids will be the primary sales driver in Europe initially [1] Group 2: Market Implications - Local production in Europe is expected to enhance BYD's competitive position in the European market [1] - The shift towards local manufacturing aligns with broader trends in the automotive industry focusing on reducing costs and increasing market share [1]