Byd, EU lighthouse on the manufacturing unit in Hungary | EUROtoday

Listen to the audio model of the article

Byd finally ends up below the lens of the European Union. According to the Financial Times reviews, in actual fact, Brussels is verifying if China has supplied unjustified subsidies for the electrical vehicles of the Asian large in Hungary.

The European Commission is within the preliminary phases of an investigation into international grants for the byd plant: if it emerges that the Chinese firm has benefited from unfair state support, it may very well be pressured to promote some actions, to scale back the manufacturing capability, to repay the grants and doubtlessly to pay a wonderful for default.

The Hungarian minister for Europe, Janos Boka, instructed the FT that Budapest has not been knowledgeable of the investigation: “It is not surprising – Boka said – and it is known that every investment that is made in Hungary appears on the radar of the Commission very quickly, and the commission follows with double attention any decision of state help that is made in Hungary”.

Expansion in Europe

In latest days, the information has leaked that Byd is pondering of making a brand new manufacturing manufacturing unit in Germany, the identical nation by which the European Gigafactory of the American rival led by Elon Musk is allotted. If the undertaking was confirmed, it might be the third by -by Byd plant after these already promised in Türkiye and Hungary.

With 4.25 million passenger autos bought (the objective was 4 million), of which 1.76 million absolutely electrical (beer), the Chinese firm recorded a 41% progress in 2024 in comparison with the earlier yr.