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for other Chinese car manufacturers, slightly lower than what Brussels initially proposed. The company is also establishing a Ft 10 billion ($30 million) battery pack plant near Budapest in Hungary that will begin production next year. The move comes after the EU, on July 4, began imposing temporary duties of 27.4% Financial Times ]
The new facility comes in addition to BYDs expansion plan of existing and proposed factories in at least eight global markets and two years after the electric vehicle giant announced construction of its first overseas plant for passenger cars in Thailand in September, 2022.
It was first proposed in 2018 at a time when terrorist attacks by groups like ISIS were peaking across the continent and lawmakers were worried about online radicalization. Since then the proposals have been making their way through the EU’s legislative bodies, with several major amendments.
As unease spread amongst a handful of entrepreneurs, alarmed at radical “reforms,” proposed by the Benjamin Netanyahu-led government, to the independence of the judiciary, WhatsApp groups were fired up, and were quickly flooded with volunteers from the tech industry. We were tracking wherever MPs were. Israel protests.
The company also recently shot down a shareholder proposal to gain transparency around Uber’s lobbying efforts. “We will connect our respective teams to start working on a feasible proposal that could become the formal framework in France.”
These countries include Netherlands, Poland, Ireland, Belgium, Sweden, Romania, Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Slovakia, Latvia, Slovenia, Estonia, Croatia, Luxembourg, Malta and Cyprus. If you’re confused about all the checkmarks, you’re not alone.
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