China cut the subsidies for new energy vehicles by 30% and plans to scrap them entirely by the end of 2022. Lower subsidies will have severe ramifications for the battery industry and OEMs reliant on the Chinese market, including Tesla. Asia’s Regional Comprehensive Economic Partnership
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China cut the subsidies for new energy vehicles by 30% and plans to scrap them entirely by the end of 2022. Lower subsidies will have severe ramifications for the battery industry and OEMs reliant on the Chinese market, including Tesla. Asia’s Regional Comprehensive Economic Partnership
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