🔥NEWS: BYD disclosed that 26%

🔥NEWS: BYD disclosed that 26% of its total 2024 net income came from direct government subsidies!🤯

BYD received $1,434 million in direct government subsidies related to "daily activities".

This implies a +125% year-on-year increase from $636 million received in 2023.

BYD reported total shareholders' net income of $5,550 million (CNY 40,254 million) implying government subsidies contributed 26% of BYD's net income attributable to shareholders.

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