The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
It is inevitable that America will eventually follow the rest of the world and that in 40 or so years, it will run mainly on sun and wind.
Plus, a fast-food gimmick turns 20.
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
Drivers in the country, Europe’s largest car market, are avoiding vehicles from Tesla, which has seen a drop in sales in other countries as well.
Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.
Mientras Europa abraza el tren nocturno, Estados Unidos parece caminar como sonámbulo hacia un callejón sin salida en el transporte.
As Europe embraces the night train, the United States seems to be sleepwalking into a transport dead end.