The European Commission announced on October 25, that BYD, SAIC Motor, and Geely Automobile had been selected through sampling methods to launch anti-subsidy investigations.
According to the Shanghai Securities News, in response to the EU’s anti-subsidy investigation against Chinese new energy vehicle companies, Sun Hong, Vice Chairman of Zhejiang Geely Holding Group, accepted reporters during the second session of the Boao Forum for Asia Global Economic Development and Security Forum “This is inevitable for us,” he said in the interview. As we develop, it is normal to encounter doubts and be asked questions. In this regard, we must be strong and hard-working, and develop our own technology and patents to win market recognition.
According to previous reports, the European Union announced the launch of a countervailing investigation into electric vehicles produced in China. However, due to the large number of companies involved, the European Commission chose a sampling method to determine the final investigation target.
In this regard, Geely Holding Group has expressed “active cooperation”, and BYD Executive Vice President Li Ke responded earlier by saying that it “continues to promote the company’s strong growth in Europe.”
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