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BYD and Chery claimed over €45mn in ineligible EV subsidies in China


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…

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