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Chinese cars are beating European tariffs (economist.com)
4 points by andsoitis 62 days ago | hide | past | favorite | 1 comment


> On top of the bloc’s existing 10% import duty, byd (China’s biggest producer of evs) faced an additional 17%, Geely-owned brands 18.8% and saic 35.3%.

Geely has subsidiaries / joint ventures with automakers like Volvo, Polestar, Proton, Smart, Lotus, Renault, etc.

Lin Shufu, Geely’s founder and chairman bought just shy of 10% of Mercedes Benz in 2018, making him the second biggest individual shareholder in the German carmaker.

The #1 spot is occupied by The Beijing Automotive Industry Holding Co. (BAIC), via its state-owned parent.

https://en.wikipedia.org/wiki/Geely




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