Someone wants protectionist policies in addition to massive subsidies. The company wouldn’t otherwise have made it to the point of profitability.

https://www.nytimes.com/2024/02/12/business/byd-china-electric-vehicle.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

How China Built BYD, Its Tesla Killer

The leading Chinese electric vehicle company, with origins as a battery maker, has posted two years of million-car growth in sales.

The New York Times