BEIJING, Dec 1 (Reuters) – China’s electric vehicle giant BYD Co Ltd (002594.SZ) on Friday announced subsidies for some models and a discount of up to 20,000 yuan ($2,803) in December for buyers who are switching from oil to electric cars.
BYD in March set a target to sell 3 million vehicles by the end of this year, local media Yicai has reported.
($1 = 7.1353 Chinese yuan renminbi)
Reporting by Brenda Goh and Beijing Newsroom; Editing by Sonali Paul
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