this post was submitted on 27 Aug 2023
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In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars (www.washingtonpost.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars::undefined

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[–] luckyhunter@lemmy.world 1 points 1 year ago (2 children)

Is BYD a China state run company?

[–] TwinTusks@outpost.zeuslink.net 6 points 1 year ago

Once your company became big, it is mandatory to have a state appointed party secretary on board.

So yes, in a sense BYD is state run.

[–] iridaniotter@lemmygrad.ml 2 points 1 year ago

It's not an SOE and like half of its stocks are owned by Americans. But the parent company got some government funding according to the US Congress, so the whole conglomerate is considered an SOE by America now. Sounds like trade war stuff to me lol