BYD to Stick to Europe Growth Plans Despite Subsidies Probe - Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Listen 2:46 BYD Co. will keep pushing for strong growth in Europe even as the region begins an anti-subsidies probe, said a top executive at the Chinese electric-vehicle juggernaut. “We are a publicly traded company that needs to be managed with transparency and open to sharing information,” Executive Vice President Stella Li said in an interview. “So we don’t worry about any investigation going on in Europe.” The European Union formally launched this week an investigation into EVs manufactured in China over alleged subsidies granted by the state. The one-year probe could eventually lead to measures such as import duties. BYD will share all the information required by authorities to dispel any confusion about their production
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