EU probes Hungarian subsidies to BYD under new foreign subsidies rules

2 min read Business, Economy, Energy, ESG, Hungary, V4 & Romania, auto, BYD, European Commission, EVs, Szeged

The European Commission (EC) has launched an inquiry into state support provided by Hungary to Chinese electric vehicle (EV) manufacturer BYD, as part of a broader investigation into foreign subsidies distorting competition in the EU. The preliminary probe, initiated on 19 March 2025, comes under the EU’s Foreign Subsidies