During a meeting with auto industry executives, French Finance Minister Bruno Le Maire expressed his country’s warm welcome to Chinese electric vehicle giant BYD if the company decided to open a factory in France. Le Maire mentioned that France welcomes all industrial projects and that BYD and the Chinese auto industry would be well received in the country.
This announcement comes at a significant time, as the European Commission is currently investigating the relationship between Chinese electric car companies and state subsidies. There are concerns about whether these companies are receiving excessive subsidies, which could impact fair competition in the market. The investigation aims to determine if specific duties need to be imposed to address any potential subsidies that may distort the market.
Despite these concerns, France’s openness to welcoming BYD and other Chinese industries demonstrates its willingness to foster international collaborations and investments in the automotive sector. This gesture aligns with the global trend of increasing cooperation between countries in various industries, paving the way for further advancements and partnerships in the future.
