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China's BYD in advanced talks to form pool in Europe over carbon credits
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China's BYD in advanced talks to form pool in Europe over carbon credits
Feb 10, 2025 4:53 AM

TURIN, Feb 10 (Reuters) - Chinese EV giant BYD

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 ), Toyota ( TM ), Ford

, Mazda ( MZDAF ), Subaru and Tesla, and

another one between Germany's Mercedes, Polestar,

Volvo Cars and Smart.

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