BYD, Chery Among Carmakers Found to Have Claimed Extra Subsidies

China’s industry regulator found that carmakers including BYD Co. and Chery Automobile Co. claimed electric vehicle subsidies they didn’t actually qualify for during the five years that started in 2016. The amounts came to more than 864 million yuan ($121 million.)

Chery, the nation’s largest car exporter, was found to have applied for some 240 million yuan of funding for around 8,760 EVs and hybrids that didn’t qualify, while 143 million yuan for roughly 4,900 cars BYD sold were removed from the ledger, according to preliminary results published by the Ministry of Industry and Information Technology late last month.