Di Yi Cai Jing·2025-08-18 13:21Group 1 - The Ministry of Industry and Information Technology (MIIT) has released a public notice regarding the subsidy funds for new energy vehicles (NEVs) for the years 2016-2020 and the pre-allocation for 2021-2022, highlighting the rapid development of the NEV industry in China supported by subsidy policies [1] - From 2016 to 2020, the MIIT issued a total of 1.65 billion yuan in subsidies, with Beijing New Energy Vehicles receiving approximately 55.555 million yuan, accounting for over 30% of the total subsidies, averaging 111 million yuan per year [1] - BYD received a total subsidy of 15.74 million yuan, which is less than 1% of the total, averaging 3.148 million yuan per year, indicating a significant disparity in subsidy distribution among different companies in the NEV sector [1]