BYD Sees Profits Falling As EV Sales Slow Early In 2017 Over Subsidy Issue

By Mark Kane BYD, which has shifted a lot of its resources and investment into the New Energy Vehicle (aka plug-ins) segment in China, was hit hard by changes and delays in Chinese policies towards EVs. A 20% lower subsidy rate in 2017, and a new stricter requirement on manufacturers to certify EVs… …read more

Via:: http://feedproxy.google.com/~r/InsideEvs/~3/K4InjhqkJ8U/