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5.3
Hungary reviews BYD investment deal following allegations of undisclosed state subsidies
bne IntelliNews - Emerging Markets News·HU · CN·about 1 hour ago
The Hungarian government is investigating potential irregularities in a deal with BYD after discovering over €175 million in undisclosed state-funded infrastructure and direct subsidies. The review creates uncertainty regarding the future of the EV manufacturer's planned production facility in the country.