Subsidy withdrawal to cull China’s EV battery industry

Just a handful of Chinese electric-vehicle battery makers may survive the end of Beijing’s large-scale subsidy program next year, which has been instrumental in nurturing the world’s largest domestic market, according to the Nikkei Asian Review. Industry leaders Contemporary Amperex Technology (CATL) and BYD will be among the few battery manufacturers remaining once the subsidies … Continue reading Subsidy withdrawal to cull China’s EV battery industry