China cuts EV subsidies by more than expected
China is cutting subsidies on electric vehicles to encourage local manufacturers to rely on innovation rather than government assistance as the industry matures and costs fall, a media report said.
Related posts
-
Cooper Tire posts Q3 net income of US$123m
Cooper Tire has reported third-quarter 2020 net income of US$123m compared to US$29m million for the... -
LG Chem shareholders approve battery spin-off
South Korean chemical group LG Chem Ltd has said its shareholders have approved a proposal put... -
China’s MINIEYE completes C-Round financing
Chinese artificial intelligence (AI) technology company MINIEYE this week raised CNY270m (US$40m) in a C-Round of...