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points by _heimdall 11 hours ago | 0 comments
BYD subsidies have swung up and down over the years. Some years like 2020 it was a very small percentage of revenue and profit. Other years its been much more, 2024 they received just over 10.5 billion yuan accounting for 26% of total income and last year they received 12.5 billion yuan representing 38% of net profit.

The company would not exist as it does today without such funding.

[–] nixon_why69 4 hours ago
Yeah, they were certainly accelerated by the subsidies, and now that the subsidies are just padding their profit, they're phased out.

That's.. completely sensible? Don't we all want a world with lower carbon emissions?

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