- Dec 29, 2010
I m right here to take my new car the B+ class of Citron C6, ordeted 2 weeks ago.The local government gave a 15K USD subsidy for this 40K USD French brand.So the state is essentially paying itself since it owns large portion of these companies. Isn’t that just washing funds to boost valuation? Lots of other countries would jail the execs for doing this.
The Chinese EV brands and BYD sales are so strong, badly hit those forgein brands (JV with local companies) which made locally. The provincial govenment helps car makers to clean inventory gaining the cash flow and forced them transfer to new engegy types.
I planed to buy Nio ET5 with 50K USD, but no one can refuse such big diacount,so i surrender