Breaking News: BYD Factory in Hungary Is Under Investigations by European Commission for Suspected Illegal Subsidies
The EU Commission has opened an investigation into the new car manufacturing plant by the Chinese firm BYD in Hungary. The focus of the probes is drawn by concerns on the possibility of the project having benefitted from subsidies outlawed under the laws of the European Union and hence gave an unfair inclination to the competition. Chinese automaker BYD is...