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26 Feb

Chinese EV success not due to state aid: BYD Europe

BYD Europe has refuted accusations that the Chinese electric vehicle’s success comes from heavy subsidies as suggested by the European Commission when it launched a probe on EV imports from China. “Our success is not because of the subsidy, it’s because we have unique technology … and our management efficiency is high,” Michael Shu, managing director for BYD Europe, told the Financial Times on Monday at the Geneva International Motor…
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