Reuters
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2025-02-10China's BYD in advanced talks to form pool in Europe over carbon credits
Companies with lower EV sales can pool their emissions with EV market leaders, purchasing emissions credits from them to lower their overall averages and save them hundreds of millions of euros in EU fines.
TURIN, Feb 10 (Reuters) - Chinese EV giant BYD (002594.SZ), opens new tab is in talks to form a pool with European automakers and sell them carbon credits to help them avoid hefty European Union fines on 2025 emissions, a BYD representative said on Monday.
"We're in talks, we are well underway," BYD's special adviser for Europe Alfredo Altavilla said during a car presentation in Italy.
He did not offer further details.
Earlier this year automakers announced the ( article continues at Reuters )