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BYD has released a statement focusing on the outcomes in the automotive sector from the second regular meeting of the China-EU Trade and Investment Consultation Mechanism. The company believes that the consultation outcomes have effectively managed trade differences, avoided escalation of friction, and taken into account the actual industrial situations and reasonable concerns of both China and the EU, creating a stable, predictable, and sustainable environment for China-EU trade cooperation in hybrid vehicles. BYD stated that it will continue to adhere to technological innovation, reduce greenhouse gas emissions and dependence on fossil fuels, and looks forward to working with domestic peers to jointly promote the healthy and orderly international development of China's automotive industry.
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