Hungary

The European Union Commission has reportedly opened a preliminary probe investigating whether China provided unfair subsidies to support Chinese EV automaker BYD in establishing a new production facility in Hungary. This news comes one day after China delayed a decision on BYD’s planned production facility in Mexico, demonstrating growing trade tensions between countries worldwide.

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. It should come as no surprise at this point that BYD is looking to get European EV production up and running quickly and is now moving one step closer.