China-based electric vehicle (EV) vendors, to cope with big changes in government subsidization for new energy cars, may adjust procurement practice by including China-based joint...
China's Ministry of Finance has raised the technical requirements and lowered the subsidization for new energy cars for 2019, according to China-based media reports.
China was No. 1 globally in both production and sales volumes of new energy vehicles from 2015 to 2017, according to China Association of Automobile Manufacturers (CAAM).
