Skip to content
Back to Guavy Wire
Forex

Chery Denies Government Subsidy Claims, Cites Inflation Concerns

Instruments
EUR
Share

Chery Australia's Chief Operating Officer Lucas Harris has dismissed accusations that the Chinese car brand is undercutting competitors due to government subsidies.

Harris noted that while prices have been stable over the past 15-20 years, inflation is currently 'out of control' and affecting the automotive industry as a whole.

'I think cars in Australia are still quite affordable generally across the board, particularly if you compare to most countries in Europe,' Harris said.

When asked about the possibility of government subsidies, Harris replied: 'You hear all of these accusations around dumping and government subsidies [and] I would love to see some actual evidence. I'd love a [Chinese] government subsidy, it would certainly help us out.'

More on Forex

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc