EU probes BYD plant in Hungary over "unfair Chinese subsidies" Brussels action against Google and Apple
Investigation comes as Viktor Orbán has attracted large Chinese investments to his country
If Brussels finds that the Chinese company has benefited from unfair state aid, it could force it to sell some assets, reduce capacity, repay the subsidy and potentially pay a fine for non-compliance.
Hungary’s premier Orbán, has long been at odds with Brussels, particularly over Russia and the war in Ukraine.
In recent months, he has taken increasingly strident positions against the EU, emboldened by the election of his ideological ally Donald Trump in the US.
Orbán is expected to veto increased military support to Ukraine at a summit of EU leaders in Brussels on Thursday.
Financial Times 20 March 2025
https://www.ft.com/content/0ef28741-6194-4ee6-8f23-945415de7458
BYD’s 5-minute charge provoked a mini-DeepSeek Moment for Tesla
https://englundmacro.blogspot.com/2025/03/byds-5-minute-charge-provoked-mini.html
Brussels takes action against Google and Apple despite Trump threat
Continues Big Tech crackdown under landmark Digital Markets Act
Companies found in breach of the DMA face fines of up to 10 per cent of global revenue, doubled to 20 per cent for repeat offenders.
Financial Times 19 March 2025
https://www.ft.com/content/a9d0bde3-f10e-4113-b21c-cb02bf31a8f2
RE: Ärendet hamnar i slutändan i EU-domstolen, var ledamöter utses av EUs regering,
liksom domstolarnas ledamöter i Sverige, Polen och Ungern utses av våra regeringar.
Tillbaka till Rolfs länktips 20 mars 2025
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