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<Research>Daiwa Unsurprised by EU Investigation into BYD COMPANY's Hungarian Plant
Recommend 5 Positive 15 Negative 4 |
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The EU is said to be investigating BYD COMPANY (01211.HK)'s Hungarian plant for potentially receiving unfair subsidies from China. In this regard, the EU may require BYD COMPANY to sell, reduce capacity, or pay penalties for violations. Daiwa opined in its report that because China and Europe may still be negotiating electric vehicle tariffs, the EU remains cautious about BYD COMPANY entering the European market, making the investigation expected. Daiwa gave BYD COMPANY's H-shares a Buy rating. AAStocks Financial News |
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