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Chinese EV exporter BYD might face higher EU anti-subsidy duties over data deficiencies

By Joanna Sopinska ( January 3, 2024, 09:02 GMT | Insight) -- BYD — a Chinese producer of battery electric vehicles facing an EU anti-subsidy investigation together with other Chinese exporters — might be subject to higher punitive duties than initially expected, MLex has learned. The European Commission has informed the company that it doesn’t trust some of its data and will rely instead on the facts available from other sources to determine whether its exports into the EU have benefited from unfair state subsidies.BYD — a Chinese producer of battery electric vehicles facing an EU anti-subsidy investigation together with other Chinese exporters — might be subject to higher punitive duties than initially expected, MLex has learned. The European Commission has informed the company that it doesn’t trust some of its data and will rely instead on the facts available from other sources to determine whether its exports into the EU have benefited from unfair state subsidies....

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