It is reported that the European Union Commission is open to the first investigation that China gave the wrong support to support Chinese Automaker BYDS in establishing a new Hungary production site. These issues come one day after China has delayed the product of the production organized by Bexico, showing increasing disagreements between the global countries.
As we pointed out yesterday, the Byd has customs to be a name to the EV industry. The Chinese Auto Conlomerate has set offer media Couper in the market, increases its available models line and deformation from Ultra-cheap on super Luxe, South American and Europe and Europe.
Since 2023, we know that the expansion of the expansion of the region includes local production, including Development Plants in Brazil, Mexico, Indonesia, and Hungary. Later, Bend announced the first earth's first earthquake at the beginning of 2024, which will be a new new institutional Center-General of the EU year, follows the paragraph increase.
In fact, the levels of mine in yesterday was an additional Bed Mexico plant will be taken while the Chinese trademarks also examined the situation. The dignified service is that Chinese-Chinese technology Automaker can make the way to the United States because of measuring competitors.
By contrary to North America, the development of Byd in Europe seems to progress. Nevertheless, its plans can face another snag as the EU commission now contributes that China offered the wrong subsid to the Automaker, which can face several advice if true.
Byd faces penalties, Hungarian reduction capacity with probobe
As reported by Finance TimesThe EU commission in Brussels has entered the first phase of the BYD inquiry, which is directly that the Chinese Automaker received the wrong support to its Government at Hungary.
The investigation will also awaken disputes between EU and the Sijing between trade transformation growth. Hungarian orbán Prime Minister Orbán, who had appointed Putin and Trump, especially in relation to war between Russia and Ukraine, a lot in EU stress.
An orbán held China President Xping Bonundapest last year following several cases of Chinese construction companies, including 4 new investment.
EU authorities, however, revealed that Berdary struggling to stop the factory in Hungary and the programs of most of its EV components, including batteries, from overseas. Thus, the EU contradicts this will result in a minor economic growth of Hungary and the European Union. The investigation follows the previous investigation from EU Commission last year it decides that the Automoker of a few Chinese, receiving byds, received new taxes from China.
If the EU investigation confirms the wrong help from China to build a Hungary, the Automaker may be forced to sell goods, reduce its production capacity, and pay for EU legal fines.
Hungary Minister of Huangary news of the European Union, János Bóka, told Finance Times That Budapest was not informed of the recent EU investigation. Nevertheless, there is no failure as any investment in the country “arises quickly from the Commission as soon as possible” its approaching in Ukraine. Bóka said that the capital of Hungary remained “calm,” it means that the Vede State Aid, including BYD's popularity.
This story is going on.
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