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Automakers

China's EV makers lose ground in EU after new tariffs take effect

BYD stand at the football Euros in France arc 24
A BYD sponsorship stand is pictured in a Fan Zone in Berlin during the Euro 2024 football championship this summer. (BLOOMBERG)
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By:
Bloomberg
August 16, 2024 08:48 AM

European Union tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition.

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