L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoIn China, It’s Already Cheaper to Buy EVs Than Gasoline Carswww.washingtonpost.comexternal-linkmessage-square116fedilinkarrow-up1645arrow-down125file-text
arrow-up1620arrow-down1external-linkIn China, It’s Already Cheaper to Buy EVs Than Gasoline Carswww.washingtonpost.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agomessage-square116fedilinkfile-text
minus-squareluckyhunter@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoIs BYD a China state run company?
minus-squareTwinTusks@outpost.zeuslink.netlinkfedilinkEnglisharrow-up6·1 year agoOnce 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.
minus-squareBloops@lemmygrad.mllinkfedilinkEnglisharrow-up3arrow-down1·1 year agoIt’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
Is BYD a China state run company?
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.
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