FRANKFURT, Oct 12 (Reuters) - Chinese electric carmaker
BYD expects to boost sales in Germany within six
months, executive vice president Stella Li said in an interview
published on Saturday.
BYD would gain a foothold in Germany in "less than half a
year," Li told the Frankfurter Allgemeine Sonntagszeitung (FAS)
newspaper.
She criticised European Union tariffs on China-made electric
vehicles (EVs) from next month, which Germany had opposed, as a
loss for the consumer, adding BYD would start producing cars by
the end of 2025 in Hungary.
"I think we will become an important market participant here
in Europe," she told FAS ahead of the Paris Motor Show, which
starts on Oct. 14.
German sales teams were being expanded to work on winning
over consumer trust as the company's strategy was to establish
its presence for the long-term, Li said.
She declined to comment on sales targets but indicated that
prices would be in a range between 25,000 euros ($27,342) and
30,000 euros each.
"We are still working on our plan," she said.
Li said in her opinion European carmakers were not
competitive because they lacked certainty of a consistent EV
policy and were trying to shut out healthy competition.
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