Etiqueta: subsidy

BYD's UK success challenges the nation's EV strategy and reshapes the automotive landscape.

BYD now holds 3.6% UK market share, beating Mini and Tesla despite missing out on government subsidies. By Stewart Burnett

Chinese giant BYD has registered a record 11,271 vehicles in the UK last month, according to data published by the Society of Motor Manufacturers and Traders (SMMT) on Monday.

UK is now the Chinese carmaker’s largest international market after sales rose nearly 10-fold in September

China Takes the Lead in Global Automotive Industry Revolution: New Energy and Intelligent Technologies Reshape the Landscape

The automotive industry is a critical pillar of China’ s national economy. With an exceptionally long industrial chain - extending upstream to resource development, spanning midstream through...

Tesla vs. BYD – The Ultimate 2025 EV Stock Showdown 🚀🔋 - Tech Space 2.0

Most variants of the Tang DM-i now offer a 175-km battery range, up from the previous 115 km.

China uses subsidies extensively to take a leading role in the global markets of green-tech products such as battery electric vehicles and wind turbines. Against the background of the current EU investigations into Chinese subsidies in these sectors, this article takes a careful look at the Chinese subsidy system and provides new data on direct government subsidies to leading Chinese producers of electric cars and wind turbines. Extensive government support has allowed Chinese companies to scale up rapidly, to dominate the Chinese market and to expand into foreign markets. The article concludes that the EU should use its strong bargaining power due to the single market to induce the Chinese government to abandon the most harmful subsidies.

BYD has reportedly lowered its annual sales target from 5.5 to 4.6 million vehicles. Signs had already emerged that the company would struggle to reach the