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2021-06-29

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EU extends investigation into Samsung's EV battery plant in Hungary

BRUSSELS (Reuters) - EU competition enforcers have extended a near two-year investigation into Hunga

EU extends investigation into Samsung's EV battery plant in Hungary

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EU competition enforcers have extended a near two-year investigation into Hunga","content":"<p>BRUSSELS (Reuters) - EU competition enforcers have extended a near two-year investigation into Hungarian state aid for South Korean manufacturer Samsung SDI Co Ltd's electric vehicle (EV) battery factory after Hungary submitted new data to back its case.</p>\n<p>Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.</p>\n<p>The European Commission opened an investigation in October 2019 to assess whether Hungary's plans to grant 108 million euros ($128.5 million) in state aid complied with the bloc's competition rules.</p>\n<p>\"Hungary now argues that Samsung could have benefited from an investment grant and a tax exemption in an alternative location outside the EU, which would have increased the viability of the alternative location with respect to Hungary,\" the Commission said.</p>\n<p>It said Budapest has also produced new documentary evidence to show that Samsung's search for a location for the plant had also included a number of new production facilities in Europe and an alternative location in a less developed region in the EU.</p>\n<p>Extending the EU investigation will allow third parties to comment on the Hungarian aid.</p>\n<p>Earlier this year, Samsung said it would invest 942 billion won ($849 million) to expand the plant.</p>\n<p>($1 = 0.8403 euros)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU extends investigation into Samsung's EV battery plant in Hungary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU extends investigation into Samsung's EV battery plant in Hungary\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 19:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BRUSSELS (Reuters) - EU competition enforcers have extended a near two-year investigation into Hungarian state aid for South Korean manufacturer Samsung SDI Co Ltd's electric vehicle (EV) battery factory after Hungary submitted new data to back its case.</p>\n<p>Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.</p>\n<p>The European Commission opened an investigation in October 2019 to assess whether Hungary's plans to grant 108 million euros ($128.5 million) in state aid complied with the bloc's competition rules.</p>\n<p>\"Hungary now argues that Samsung could have benefited from an investment grant and a tax exemption in an alternative location outside the EU, which would have increased the viability of the alternative location with respect to Hungary,\" the Commission said.</p>\n<p>It said Budapest has also produced new documentary evidence to show that Samsung's search for a location for the plant had also included a number of new production facilities in Europe and an alternative location in a less developed region in the EU.</p>\n<p>Extending the EU investigation will allow third parties to comment on the Hungarian aid.</p>\n<p>Earlier this year, Samsung said it would invest 942 billion won ($849 million) to expand the plant.</p>\n<p>($1 = 0.8403 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SSNLF":"三星电子","SMSD.UK":"三星电子"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147086351","content_text":"BRUSSELS (Reuters) - EU competition enforcers have extended a near two-year investigation into Hungarian state aid for South Korean manufacturer Samsung SDI Co Ltd's electric vehicle (EV) battery factory after Hungary submitted new data to back its case.\nSamsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.\nThe European Commission opened an investigation in October 2019 to assess whether Hungary's plans to grant 108 million euros ($128.5 million) in state aid complied with the bloc's competition rules.\n\"Hungary now argues that Samsung could have benefited from an investment grant and a tax exemption in an alternative location outside the EU, which would have increased the viability of the alternative location with respect to Hungary,\" the Commission said.\nIt said Budapest has also produced new documentary evidence to show that Samsung's search for a location for the plant had also included a number of new production facilities in Europe and an alternative location in a less developed region in the EU.\nExtending the EU investigation will allow third parties to comment on the Hungarian aid.\nEarlier this year, Samsung said it would invest 942 billion won ($849 million) to expand the plant.\n($1 = 0.8403 euros)","news_type":1,"symbols_score_info":{"SMSD.UK":0.9,"SSNLF":0.9}},"isVote":1,"tweetType":1,"viewCount":1007,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5241267,"commentId":"5241267","gmtCreate":1626446576494,"gmtModify":1626446606812,"authorId":3515677085772011,"author":{"id":3515677085772011,"idStr":"3515677085772011","authorId":3515677085772011,"name":"老特资本","avatar":"https://static.tigerbbs.com/2e94c23bbbf9eaa7982385d5e639a294","vip":1,"currentWearingBadge":{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.71%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/717a877921e5ed88700305c37737450d","crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159235025,"objectIdStr":"159235025","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Lol","text":"Lol","html":"Lol","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}

EU extends investigation into Samsung's EV battery plant in Hungary

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