BYD Co, being the dominant player in the Chinese EV market, is likely to benefit significantly from the new subsidy program aimed at increasing EV adoption. The program, which offers up to 10,000 yuan for trading in old vehicles for new energy-efficient ones, is expected to enhance consumer sentiment and drive up sales of EVs, including those offered by BYD. Given BYD's current market leadership and the program's potential to stimulate demand, it is reasonable to anticipate a positive impact on BYD's sales and market position in the short term.