Britain should be wary of BYD, China's EV powerhouse
From Thailand to Brazil, a surge of imports from Chinese electric vehicle (EV) producer BYD has the familiar pattern of being followed by the destruction of domestic automotive jobs. The UK is unlikely to be the exception. This week’s news that Britain has become the number one market for BYD should ring alarm bells. Our domestic automotive producers, that have already announced thousands of job losses this year, are unlikely to emerge unharmed. BYD increased its sales in the UK by 880 per cent in September For two years, analysts and policymakers have warned of the economic risk Chinese EVs pose to the legacy automotive industry through a new wave of deindustrialisation and