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China spends at least $230 billion trying to win the EV race, study finds

Government subsidies have played a crucial role in nurturing China's thriving EV sector and manufacturers such as BYD.

By: Business Insider

Jun 23 2024
79
6997 Views

China spends at least $230 billion trying to win the EV race, study finds

The BYD Dolphin is one of China's best-selling cars.John Keeble/Getty Images

China has spent at least $230 billion on becoming an EV superpower, according to a new study.
China is no… [+2828 chars]

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Cathay Pacific business lounge at Hong Kong airport forced to shut after fire, 250 evacuated