China’s Ministry of Industry and Information Technology has identified BYD and Chery among automakers that claimed EV subsidies without qualifying, amounting to over 864 million yuan (over €100 million). The audit assessed more than 75,000 vehicles from dozens of manufacturers. Wrongly claimed subsidies may have to be repaid. Read more…
BYD and Chery claimed over €45mn in ineligible EV subsidies in China
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