Thursday, December 31, 2020

China to cut subsidies on EVs by 20% in 2021

China will also beef up regulations on new auto investment and manufacturing, the ministry said, in a move to prevent overcapacity in the auto sector. It will take steps to spur further consolidation in the auto industry and build a more comprehensive supply chain.



from Section Page News - Automotive News https://ift.tt/3b35nuF

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