EU probes BYD plant in Hungary over unfair Chinese subsidies

European Commission launches inquiry over BYD’s Hungarian investment

The European Commission has launched an investigation into whether BYD received unfair state subsidies from China to support the construction of its Hungarian factory.

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”

EU Commission opens probe as to whether China provided BYD with unfair subsidies for its EV plant in Hungary

The European Union Commission has reportedly opened a preliminary probe investigating whether China provided unfair subsidies to support Chinese EV...

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.

EU probes BYD plant in Hungary over unfair Chinese subsidies

Investigation comes as Viktor Orbán has attracted large Chinese investments to his country