China OKs BYD, 15 others for green-car subsidies

Newswire

SHANGHAI, June 30 (Reuters) - China has approved cars made by Warren Buffett-backed BYD Co and 15 other Chinese automakers and joint ventures to receive fuel-efficiency subsidies of 3,000 yuan ($441) per vehicle, a top government agency said on Wednesday. Energy-saving cars made by Hyundai Motor's China car venture and Changan-Ford-Mazda, a three-way tie among Chongqing Changan Automobile Co , Ford Motor and Mazda Motor , are also among the approved models, the National Development and ...

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