Chinese government subsidies to BYD outstrip those to state-owned rival Guangzhou Automobile Group
Direct subsidies based on companies’ annual reports, €bn
GAC
BYD
€2.5bn
2.0
1.5
1.0
0.5
0
2018
2019
2020
2021
2022
GAC
BYD
€2.5bn
2.0
1.5
1.0
0.5
0
2018
2019
2020
2021
2022