REUTERS/Issei Kato/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - China's electric vehicle giant BYD (002594.SZ) said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).
The company in June 2022 increased the maximum amount providers of such information could receive from 1 million yuan to 5 million yuan, saying that policy was valid for a year.
"Such information should be legally effective and BYD will give the provider a generous reward once it verifies it to be true."
In September, the company hit back against online discussions that said BYD had leaked commercial secrets, saying those posts were pure rumours.
Warren Buffett-backed BYD is China's largest seller of electric and plug-in hybrid vehicles, and Tesla's (TSLA.O) closest rival in the global electric vehicle sales race.
Persons:
Issei Kato, BYD, Warren Buffett, Brenda Goh, Gerry Doyle
Organizations:
Japan, REUTERS, Rights, Thomson
Locations:
Tokyo, Japan, Weibo