BYD received at least €3.4 billion ($3.7 billion) in direct government subsidies as part of Beijing’s push to dominate electric vehicles and other clean technologies, according to a new study.
BYD received at least €3.4 billion ($3.7 billion) in direct government subsidies as part of Beijing’s push to dominate electric vehicles and other clean technologies, according to a new study.
The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.