Uncertainty Over EV Subsidies in China Turns BYD’s Plug-In Sales Down, Way Down

BYD, the largest plug-in electric car manufacturer in both 2015 and 2016, fell victim to the subsidy uncertainty in China. We could see the trend of fear among the Chinese consumer already starting to develop in late 2016, when BYD wasn’t able to sell around 10,000 units monthly, delivering just… …read more