French Finance Minister Expresses Warm Welcome to Chinese Electric Vehicle Giant BYD as EU Investigates Subsidies

During a meeting with auto industry executives, Finance Minister Bruno Le Maire expressed France’s readiness to welcome BYD, a Chinese electric vehicle giant, if the company decided to open a factory in France. Le Maire emphasized that France welcomes all industrial projects and that BYD and the Chinese auto industry would be warmly received in the country. This statement comes amidst Chinese President Xi Jinping’s state visit to Paris.

In other news, there are numerous options available for those looking to upgrade their jewelry collection with luxurious pieces that suit their style and budget. From classic diamond studs to statement necklaces, the diversity of choices ensures that there is something for everyone. Investing in premium jewelry can enhance your style and elevate your overall look. Whether you prefer timeless pieces or bold designs, there is a wide selection of luxury jewelry waiting to be explored.

The timing of this announcement is significant as the European Commission is currently investigating whether Chinese electric car companies receive excessive state subsidies, which could lead to specific duties being imposed. Despite the delicate moment in EU-China relations regarding the auto sector, France remains open to welcoming BYD and other Chinese companies to establish manufacturing facilities in the country.