China’s BYD taps the Euros to get the EV edge on Volkswagen
The European Union is set to start imposing tariffs on Chinese-made electric vehicles next week.
Even as Germany’s national football team scrapped its way to victory in Dortmund on Saturday, a game of geoeconomic chess was taking place on the sidelines, with stakes that go beyond the European Championship.
China’s BYD was looking to land a marketing blow on Volkswagen on its home turf — and deepen Germany’s exposure to China in the process. With the Wolfsburg-based giant struggling to get its electric-car strategy on track, the Chinese brand is piling on the pressure as a sponsor of the Euro tournament. As well as providing a shuttle service with about 300 cars, BYD is stationing vehicles in fan zones to showcase features like in-car karaoke, and offering ticket giveaways via social media.
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