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China: BYD and Chery improperly claimed CN¥383m subsidies

China: BYD and Chery improperly claimed CN¥383m subsidies

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China intensifies scrutiny of its automotive industry as a two-year price war starts impacting profits across the supply chain. By Stewart Burnett
The Subsidy Scandal Shaking China's EV Giants: BYD and Chery's Risky Road Ahead

The Subsidy Scandal Shaking China’s EV Giants: BYD and Chery’s Risky...

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The Subsidy Scandal Shaking China's EV Giants: BYD and Chery's Risky Road Ahead
China's Chery, BYD may have to repay subsidies after audit finds irregularities

China’s Chery, BYD may have to repay subsidies after audit finds...

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SHANGHAI/BEIJING (Reuters) -China's Chery and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of improper claims, an industry ministry audit found. Chery had 7,663 vehicles disqualified while BYD had 4,973. The ministry, Chery and BYD did not reply to requests for comment.

Europe’s automotive industry at a crossroads

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A new study models the impact of EU electric vehicle leadership and ambitious policies on investment and jobs.
First batch of solid-state batteries from Chery-backed company produced in China

First batch of solid-state batteries from Chery-backed company produced in China

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The first-gen solid-state batteries from the Chery-backed Anwa Technology has an energy density of 300 Wh/kg.

The post First batch of solid-state batteries from Chery-backed company produced in China appeared first on CarNewsChina.com.

BYD's EV Price War: Catalyst for Consolidation or Margin Minefield?

BYD’s EV Price War: Catalyst for Consolidation or Margin Minefield?

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BYD's EV Price War: Catalyst for Consolidation or Margin Minefield?
449 HP and the end of electric cars — Not BYD, but this Chinese brand is clear about the future

449 HP and the end of electric cars — Not BYD,...

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A Chinese carmaker launched the 449 HP Omoda 9 SHS hybrid in Europe, challenging the all-electric trend with luxury, range, and power. End of electric cars?
New energy vehicles drive overseas growth

New energy vehicles drive overseas growth

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China's automobile exports are experiencing a remarkable surge driven by logistic upgrades and new energy vehicle dominance.
Chinese EV-Makers Eyeing South Africa Amid Global Trade Rows

Chinese EV-Makers Eyeing South Africa Amid Global Trade Rows

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BYD, Chery Auto and Great Wall Motor are keen to leverage low prices to get sales where others have struggled because of trade disputes in Europe and 100% tariffs in the US