BYD Profits Decline After Subsidy Cuts In China

By Mark Kane Previous and the latest Chinese adjustment for New Energy Vehicles subsidies makes earning on plug-in cars challenging. BYD already proposed to increase incentives, but as subsidies are lower, profitability is decreasing by up to around 90%. “(As we are) affected by reduction in new energy vehicles (NEVs) subsidies, the profitability …read more

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