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Chinese EV makers likely to remain profitable in Europe despite stricter tariffs: Analysts
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A BYD Atto 3 electric sport utility vehicle on the streets of Frankfurt, Germany, in February 2023.
PHOTO: NYTIMES
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SINGAPORE – Additional tariffs by the European Union on Chinese electric vehicles (EVs) will make it more difficult for carmakers to penetrate the bloc, but they would still find it profitable, said analysts and industry players.
But European carmakers that are dependent on Chinese supply chains may feel the heat, they said.
