China's Chery and BYD could face repayment of EV subsidies after audit uncovers irregularities

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Raising money to buy a new car. Plan your purchase. Electric vehicle support subsidies. Rising prices, maintenance and insurance services. Rent. Vehicle tax. Increase in excise taxes on fuel.

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China’s Chery and BYD (OTCPK:BYDDY) (OTCPK:BYDDF) allegedly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold between 2015 and 2020 that did not meet eligibility requirements, according to an audit by the Ministry of Industry and

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