23 October 2018

BYD, four others in Beijing new-energy car subsidy, paper says

The Beijing Municipal Commission of Economy and Information Technology has published a subsidy catalogue for new-energy cars, with five car makers chosen for the government assistance, the China Securities Journal reported Thursday. The five that passed the review are BYD Co. Ltd. (01211.HK), Beijing Automotive Group (BAIC), Anhui Jianghuai Automobile Co. Ltd. (JAC) (600418.CN), BMW Brilliance Automotive Ltd. and Chongqing Changan Automobile Co. Ltd. (000625.CN, 200625.CN), it said. The e6 model from BYD and the E150 vehicle from BAIC were included in the list. Authorities are expected to release a second catalogue in early March, the report said.

– Contact HKEJ [email protected]



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