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....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.