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BYD’s European expansion faces scrutiny amid subsidy probe

ArenaEV
BYD is facing a potential hiccup in its European expansion plans. The European Union Commission has started a preliminary investigation into whether BYD received unfair subsidies from the Chinese government for its new EV factory in Hungary. The probe comes at a time of increasing global trade tensions and could have a negative impact on BYD’s operations in the European… Read more…

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