HONG KONG -- China's generosity to the electric vehicle sector when it comes to handing out subsidies has come under fresh scrutiny since the European commission announced an investigation into the matter. An analysis of listed companies shows that substantial amounts of government money are indeed flowing to the strategically important industry.
Electric cars in China
China gives EV sector billions of yuan in subsidies
Brussels' targeted probe sheds new light on long-standing practices
BYD shows off its Seal model ahead of the 2023 Munich Auto Show on Sept. 4. The Chinese automakers received 1.78 billion yuan in subsidies in the first half of the year. © Reuters
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