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From Electrek: World’s largest electric vehicle maker BYD sees sales drop 34% after China...

Discussion in 'News from Electrek.co' started by RSSFeed, May 8, 2017.

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    World’s largest electric vehicle maker BYD sees sales drop 34% after China reduced subsidies

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    BYD became the world’s biggest electric vehicle maker thanks to its market-leading position in China, which in turn became both the biggest automotive market and electric vehicle market in recent years.

    But as the government is reducing its direct EV incentives and shifting to a zero-emission mandate, BYD has taken a hit and saw its sales drop 34% during the last quarter. more…

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