A Glimpse Into China’s EV Policies: Subsidy Cut Is Nothing But ‘Good News’

Login to View
Experts discuss about the current development of the Chinese electric vehicle industry during a session at the World Economic Forum in Dalian, China on July 1, 2019.

Since Beijing announced to scale back subsidies on electric vehicles (EVs) that made consumer worry about soaring EV prices, China’s WM Motor – a new energy vehicle (NEV) developer backed by Baidu and Tencent – believes that the subsidy cuts are nothing but "good news" that will help local EV makers focus more on innovation and improvement of products.

China Money Network

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech


Want to read this important story?

Access Over 11,000 stories and data posts over the past 8 years!

Register Now


Already have an account or paid subscription? Log in


RELATED NEWS