Trade Tensions
BYD Accelerates Expansion in Spain's EV Market
24 Mwezi wa tisa, 2025 Imeripotiwa na AI
Chinese electric vehicle manufacturer BYD is rapidly gaining ground in Spain through aggressive pricing and swift dealership growth, challenging European automakers amid rising trade tensions. The company's strategy has propelled it to a notable market share in a short time, drawing both consumer interest and regulatory scrutiny. This expansion highlights broader shifts in the global automotive industry as affordable Chinese EVs flood Western markets.