Analysis: The Great Chinese EV Exodus
China’s electric-vehicle makers are going global to avoid going under.
A price war at home and shrinking government support have thrown the industry into flux, with analysts predicting only 15 of the country’s 129 EV brands will remain profitable by 2030. China this year halved a purchase tax exemption for EVs, imposing a 5% levy on buyers for the first time.
Source: Rest of World (link opens in a new window)
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