China Boosts EV Subsidies Amid Economic Slowdown
As China's economic growth falters, Beijing has doubled cash subsidies for electric vehicles to stimulate consumer spending. With EV sales soaring, government incentives have propelled China to lead global EV deliveries.
Despite intense competition and shrinking profit margins, industry experts urge long-term growth strategies. Meanwhile, Chinese EV makers are expanding into Europe to sidestep tariffs, posing a new challenge to regional car manufacturers.
The shift towards affordable EVs aligns with the EU's 2035 target, but threatens Chinese margins if tariffs are imposed.
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China’s Made-in-Europe EVs Pose New Threat to Region’s Carmakers
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