China gave BYD an incredible $3.7 billion to ‘win’ the EV race
April 12, 2024 at 12:20 PM EDT
China has been heavily subsidizing its green tech sectors, but homegrown EV company BYD is a favorite child of the bunch, receiving enormous subsidies to the tune of at least $3.7 billion, according to a new German study. BYD received this lofty sum in direct government subsidies as part of the … Source