Reply to thread

Message: <blockquote data-quote="AllGood" data-source="post: 30874088" data-attributes="member: 585655"><h3>BYD, Chery caught in $185m Chinese EV subsidy scandal</h3>Two of China’s largest electric vehicle manufacturers, BYD and Chery, have been caught up in a multimillion-dollar subsidy scandal after a government audit revealed they improperly claimed more than $80 million in taxpayer funds.China’s Ministry of Industry and Information Technology, shows that from 2016 to 2020, the automakers received public subsidies for more than 13,000 vehicles that failed to meet official requirements.Preliminary results published late last month show Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify.<a href="https://www.news.com.au/technology/motoring/chinas-ev-giants-questioned-over-subsidy-scandal/news-story/9ef1d96bb2d9daea79fd61741b628ebc" target="_blank">https://www.news.com.au/technology/motoring/chinas-ev-giants-questioned-over-subsidy-scandal/news-story/9ef1d96bb2d9daea79fd61741b628ebc</a></blockquote>

Top Bottom