France Welcomes BYD Electric Vehicle Giant: Despite EU-China Tensions in the Auto Sector

During a meeting with auto industry executives, Finance Minister Bruno Le Maire expressed France’s willingness 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 announcement comes amidst Chinese President Xi Jinping’s state visit to Paris.

Amidst ongoing investigations by the European Commission into whether Chinese electric car companies receive excessive state subsidies, which could lead to specific duties being imposed, France remains open to welcoming BYD and other Chinese companies to establish manufacturing facilities in the country. Despite the delicate moment in EU-China relations regarding the auto sector, France’s commitment to opening its doors to foreign investment is clear.

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