Chery denies improper subsidy declarations
An audit by the ministry of industry and information technology disqualified declarations by Chery and BYD for a combined $53m (R951,265,072) in government subsidies for thousands of vehicles sold in the five years to 2020, accounting for nearly 60% of the improper claims.
Chery denied its declarations were improper. It said it had previously consulted the authorities about the challenges of missing receipts because the cars were sold more than five years ago and the government had advised the company to declare the cars for the ministry to determine if they should be qualified.
"Our company has truthfully reported to the authorities we did not collect certificates for end sales. There's no fraudulent act," Chery said.
The government's assertions do not include allegations of fraud.
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Chery denies improper subsidy declarations
Chinese carmaker Chery on Saturday denied assertions it had improperly claimed government subsidies for environmentally friendly vehicles. An audit by the ministry of industry and information technology disqualified declarations by Chery and BYD for a combined $53m (R951,265,072) in government subsidies for thousands of vehicles sold in the five years to 2020, accounting for nearly 60% of the improper claims. Chery denied its declarations were improper. It said it had previously consulted the authorities about the challenges of missing receipts because the cars were sold more than five years ago and the government had advised the company to declare the cars for the ministry to determine if they should be qualified. "Our company has truthfully reported to the authorities we did not collect certificates for end sales. There's no fraudulent act," Chery said. The government's assertions do not include allegations of fraud.
