A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters
A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters
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Business /  China Business

Here’s why big investing firms are steering clear of China’s expensive, underperforming new-energy car sector

  • Big investment firms are bearish on Chinese EV makers
  • Beijing slashed subsidies on EV cars this year, hurting sales

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Zhang Shidong
Zhang Shidong

Updated: 7:45am, 16 Sep, 2019

Why you can trust SCMP
A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters
A man cleans a BYD e-SEED GT concept EV during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Photo: Reuters
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