It's a myth that China heavily subsidises its EV industry. See e.g. this Bloomberg article titled "China Can't Cut EV Subsidies It Isn't Paying": https://archive.ph/5olix

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abirch 3 hours ago | parent | next [-]

From the article that you added in addition to the statements below, I don't think BYD is succeeding only by subsidies. I'm solely stating that they're heavily subsidized. China has a strategy where most western nations don't appear to have one.

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It might be tempting when one has been asleep at the wheel to chalk up the rise of Chinese carmakers led by BYD to unfair subsidies, especially since leaders in Washington and Brussels have done so. No doubt, China is far from a free, fair and open market. The scale and pervasiveness of corporate subsidies at the federal and local level far exceed what other market-based economies offer.

https://www.bloomberg.com/news/newsletters/2024-10-17/byd-s-...

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https://www.bloomberg.com/news/articles/2025-11-10/china-s-c...

	▲	overfeed an hour ago \| parent [-]
		> China has a strategy where most western nations don't appear to have one. EVs were subsidised in the west, e.g. in California (#4 "country" by GDP), Norway, and US tax incentives - which have gone away after the Trump anti-renewables Bill of 2025. MRSPs for EVs were slashed after September 2025 due to the loss of this subsidy, and 2 months later Ford cancelled it's electric F-150 program.

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dzhiurgis 2 hours ago | parent | prev | next [-]

How come BYD’s stock price is essentially flat?

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Analemma_ 3 hours ago | parent | prev [-]

Lately I've realized that "Chinese subsidies" are psychologically useful for people outside China to believe in, as cope to handwave away their own failing industries. Solar panels aren't really subsidized in China either.

	▲	abirch 3 hours ago \| parent \| next [-]
		China has a plan. It subsidizes technology that it sees as important. There's nothing wrong with that per se. It'd like me saying that Barry Bonds only won the home run records because he used steroids. It wasn't entirely the steroids but I'm sure they certainly didn't hurt.
	▲	happosai 2 hours ago \| parent \| prev [-]
		Currently Chinese are competitive because because developers work on burnout level intensity and workers have no life but factory around the clock. Of course, the salaries and working conditions are going up in China while west is eroding worker rights as fast as we can. One the factories will come back here simply because we'll end up cheaper. Don't buy solar made by Xinjiang forced labor, by solar panels made by illegal immigrant prison labor!