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BYD COMPANY (01211.HK) Booms 8.5% as MIIT Not to Cut NEV Subsidies from Jul
BYD COMPANY (01211.HK) soared 8.5% to $42.05 after peaking at 4.5-month high $43.1, with its A-share hitting the daily cap at RMB51.61.Chinese MIIT Minister Miao Wei stated that th...
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BYD COMPANY (01211.HK) Booms 8.5% as MIIT Not to Cut NEV Subsidies from Jul
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2020/01/13 10:49
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BYD COMPANY (01211.HK) soared 8.5% to $42.05 after peaking at 4.5-month high $43.1, with its A-share hitting the daily cap at RMB51.61.

Chinese MIIT Minister Miao Wei stated that there will be no more trims to NEV subsidies from 1 July, hinting at a latent delay to the removal of all NEV subsidy policies scheduled after 2020.
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