<ul><li>China's top automaker, BYD, is under investigation by the European Union for violating the EU's electric vehicle (EV) subsidy rules.</li><li>BYD received unfair subsidies from China for its electric car plant in Hungary, leading to additional tariffs on China-made EVs exported to Europe.</li><li>The European Commission is investigating BYD's EV plant in Hungary, which may result in the automaker selling assets, reducing capacity, repaying subsidies, and paying fines.</li><li>The European Union imposed additional tariffs on BYD and other Chinese automakers, while Tesla received a lower duty rate after an investigation.</li></ul>

BYD is under investigation for violating the EU’s EV subsidy rules

Discover more