This is just FUD because BYD has been on fire in recent years. I have heard this conspiracy theory about illegal state subsidies, and many people keep repeating it without providing any data at all. This means that they just picked up this information online, without verifying it and without having an original source. A news article without real data is not a source. Also, did you know that most western companies also receive state subsidies in one form or another? Without the data, we can't tell how much of an impact it can have and because of that it is just a conspiracy theory.
https://d2xqcz296oofyv.cloudfront.net/wp-content/uploads/byd-sales-by-year-2025.webp
https://roadgenius.com/wp-content/uploads/2024/09/BYD-total-revenue-each-year-1024x576.jpg
It looks like it is gonna collapse any day now.
https://d2xqcz296oofyv.cloudfront.net/wp-content/uploads/byd-sales-by-year-2025.webp
https://roadgenius.com/wp-content/uploads/2024/09/BYD-total-revenue-each-year-1024x576.jpg
It looks like it is gonna collapse any day now.
I agree, your opinion is valid. Even if we ignore the news, as we saw with Evergrande, everything was fine there not so long ago, with huge progress, billions in revenue, and prospects for decades to come... and then one day it all collapsed! And the market was VERY much in demand, certainly more in demand than cars in terms of value to people.
And let's be honest — the Chinese auto industry has real problems that it has so far managed to hide or contain:
- overproduction
- very strong dependence on state support
- limited demand within China
- subsidies can only be offset by high prices, which only the Western market can provide, never the market of third world countries.