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.
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In other news, 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.