Yutong Bus receives government subsidy of RMB1.717 billion on NEV project
2020-02-24 17:56:41 [Print]
Yutong Bus announced that on February 21 the company received a subsidy of RMB1
. 717 billion (USD244 million) from Fiscal Bureau of Zhengzhou City for its new energy auto project . The subsidy was to offset part of the company's subsidies to clients who purchased NEV autos and their driving distance totaled 20,000km in total by December 31, 2018.