China Cuts Support For Electric Carmakers
China has become the biggest electric car market in the world, thanks to government support in the form of subsidies — but things may change as subsidies are being reduced. Experts and industry insiders warn that there could be consolidation in China’s electric vehicle market and weaker investor sentiment. Still, Chinese electric carmakers like Xpeng and WM Motor are remaining bullish despite potential short-term blips … Continue reading China Cuts Support For Electric Carmakers