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BYD Undercuts Tesla by $4,700 Per Car
BYD

BYD Undercuts Tesla by $4,700 Per Car, and Subsidies Are Only 5% of the Reason

The Western auto industry has spent years blaming Chinese state subsidies for BYD’s price advantage over Tesla and other foreign rivals. A new Rhodium Group report published February 19 makes that argument a lot harder to sustain. According to the New York-based independent research firm, Chinese government support accounts for just $235 of BYD’s roughly…

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