ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electric cars in China

China's green-vehicle makers feel the blues as subsidies ebb

BYD's profit drops as automakers bleed cash to keep prices low amid rising sales

Chinese automaker BYD cited the withdrawal of government sales incentives as a factor in its 31% profit decline for 2018. (Photo by Takashi Kawakami)

GUANGZHOU -- China's electric vehicle makers are struggling to break their dependence on dwindling government sales incentives, with leader BYD announcing a hefty decline in net profit for 2018 on March 27 as the automaker spent heavily to keep prices attractive.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more