China's BYD in advanced talks to form pool in Europe over carbon credits
ReutersFeb 10, 2025 12:35 PM
TURIN, Feb 10 (Reuters) - Chinese EV giant BYD 002594.SZ 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.
Earlier this year automakers announced the creation of two pools, one between Stellantis STLA.MI, Toyota 7203.T, Ford F.N, Mazda 7261.T, Subaru 7270.T and Tesla TSLA.O, and another one between Germany's Mercedes MBGn.DE, Polestar, Volvo Cars VOLCARb.ST and Smart.
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