Comment by rootusrootus
4 days ago
Yes, BYD is tightly intertwined with the CCP and gets a lot of subsidies, grants, favorable loans, etc.
4 days ago
Yes, BYD is tightly intertwined with the CCP and gets a lot of subsidies, grants, favorable loans, etc.
Yes, following an almost cookie-cutter-like pattern of emerging economies protecting and supporting their auto industries.
I feel like that is not specific to emerging economies.
Given their war manufacturing ability, I expect any govt to support the industry to some extent. I think that China is additionally doing it to strategically weaken their rivals. Both for economic as well as military objectives.