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China’s BYD, Chery Tangled in $53 Million Improper Subsidy Case
asiafinancial.com/chinas-byd-chery-tangled-in-53-million-improper-subsidy-case
Two of China’s top electric vehicle-makers, BYD and Chery, allegedly claimed improper subsidies worth $53 million combined for their eco-friendly vehicles sold in the five years to 2020, a regulatory audit has found.
The audit was initiated earlier this year to verify subsidy…
This story appeared on asiafinancial.com, 2025-07-14 14:27:25.