US EditionEU probes BYD plant in Hungary over unfair Chinese subsidies
28 Articles
28 Articles
The EU Commission investigates to ascertain the existence of subsidies from the Beijing government for the benefit of the plant. Alfredo Altavilla, Byd's special advisor for Europe: “It is desirable to find ways of collaborating”
BYD is under investigation for violating the EU’s EV subsidy rules
China’s top automaker, BYD, is under investigation by the European Union for violating the EU’s electric vehicle (EV) subsidy rules. According to the Financial Times, BYD received unfair subsidies from China which were used in its electric car plant in Hungary. Subsidies from the Chinese government are the main reason the EU Commission decided to implement additional tariffs on exported electric vehicles made in China and sold in Europe. The sub…
This is not the first EU investigation into the Chinese company. The EU recently imposed punitive tariffs on the automaker as punishment, and now it could be forced to reduce its production capacity.
The European Union is investigating whether China provided illegal subsidies for the construction of BYD's electric car plant in Hungary, the Financial Times reports, citing sources familiar with the matter. The European Commission's investigation into foreign subsidies for the BYD plant is still in its early stages, so it is not known when it will be concluded. If Brussels finds that the Chinese company received unfair subsidies from the Chines…
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