--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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。