BYD: EU-China consultations effectively manage trade differences and prevent escalation of friction.
BYD issued a statement regarding the outcomes of the second regular meeting of the China-EU Trade and Investment Consultation Mechanism in the automotive sector, stating that the Group highly values the important consensus reached in the automotive trade field during this consultation. The results of this consultation effectively managed trade differences, prevented escalation of friction, and took into account the realities and legitimate concerns of both Chinese and EU industries, creating a stable, predictable, and sustainable cooperative environment for China-EU hybrid vehicle trade. Going forward, BYD will adhere to technological innovation, reduce greenhouse gas emissions and human dependence on fossil fuels, and contribute to lowering global temperatures by 1°C. BYD looks forward to working with domestic counterparts to be a responsible global industry participant and jointly promote the healthy and orderly international development of China’s automotive industry.
Source of informationa: Yahoo Finance