--The European Commission is looking into whether China provided a Hungarian BYD electric car plant unfair subsidies, the FT reports, citing two sources familiar with the matter.
--The commission could force BYD to sell off assets, pay back the subsidy it received, reduce its production capacity or pay a fine if it decides the company benefited from unfair Chinese backing, the FT says.
--The commission declined to comment and BYD did not immediately respond to a request for comment, the FT reports.
Full story: https://shorturl.at/gwzrn
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
March 20, 2025 07:45 ET (11:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。