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China’s EV Makers Got $231 Billion in Aid Over Last 15 Years

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China’s electric vehicle industry received at least $231 billion in government subsidies and aid from 2009 through to the end of last year, even as the amount of support per vehicle has declined, according to a new research.

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Chinese EV Makers Defy Industry Slump as Price Cuts Boost SalesPrice cuts and new models helped Chinese electric vehicle makers, including BYD Co. and Nio Inc., continue to grow sales in May even as the overall market for passenger cars is expected to see deliveries shrink, industry data showed.
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