Etiqueta: subsidy

BYD's hopes of taking off in the Korean market with sales of its Atto 3 face even more delays as the car has yet to receive the necessary certification to qualify for the government's EV subsidies.

BYD plans to raise $5.2 billion through a share sale in Hong Kong to fund its overseas expansion and research and development efforts.

BYD faces delays in Korea's EV market due to subsidy requirements, leading to consumer complaints.

BYD Korea has hit an unexpected snag after failing to meet the timeline for the delivery of its Atto 3 flagship electric SUV, as the vehicle did not pass an updated subsidy rule set by the local environmental authority.

The compact SUV was presented on Tuesday at the La Défense Arena in Paris.

Xpeng was at 8,800 units, Li Auto 7,700, Zeekr 3,500, Leapmotor 5,500 and Aito 3,900.

BYD could become the "Toyota" of the global EV market, said JPMorgan.

The EU should revamp its industrial policy for clean technologies not to cede leadership in clean tech manufacturing to China as Trump's America backtracks from decarbonisation goals.

Chinese automakers are making significant strides in their global expansion, with Chinese brands attracting a multitude of attention at the Indonesia International Motor Show and some companies reporting robust sales in overseas markets.

After decades of growing trade and current account imbalances in the U.S., the new administration has set out to change this equation. Now, a new mercantilism, rooted in tariffs and trade protection…