BYD: the Beijing government is investing more than 3 billion euros

(Adnkronos) – Electric vehicles are the protagonists of the energy revolution that is sweeping the automotive world. A hard pill to swallow for Europe, so if Luca De Meo says that Chinese electric cars are a generation ahead of those produced in the Old Continent, there are those who also analyze other aspects, which are somehow questionable and not very competitive . According to a recent study by the Kiel Institute, BYD, a Chinese company specializing in the production of EVs, which last year even surpassed Tesla in terms of units sold worldwide, received a large subsidy from the Beijing Government. This is a big “help” and may explain how incredible the range of BYD’s latest models has been. In recent years, subsidies from the Chinese Government to BYD would increase from 220 million euros to more than 2 billion euros in 2022. An increase that would allow the car brand to expand not only in the domestic market, but also to enter new territories. , due to increasing competition, not only from a technological point of view. Not only economic “support” but also easy access to all the raw materials that are necessary for the production of an electric car. Modern EVs are the result of a complex cocktail, the possibility to buy batteries at a lower price than the competition or to have preferential means available in the employment of those resources that are not in short supply in Europe, means to provide not only the most powerful. Electric cars are significantly less expensive, but also offer a range at a price below what Europe offers. The European Union is pushing its member countries to invest in electric vehicles, but it is important not to close barriers to the new reality of emerging China, but to discuss and find a common direction capable of democratizing zero-emission vehicles, for the benefit of the planet and generations his future. —motoriwebinfo@adnkronos.com (Web Info)