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China’s electric-vehicle makers are going global to avoid going under.
A price war at home and shrinking government support have thrown the industry into flux, with analysts predicting only 15 of the country’s 129 EV brands will remain profitable by 2030. China this year halved a purchase tax exemption for EVs, imposing a 5% levy on buyers for the first time.
The fallout is spreading beyond China’s borders, reshaping auto industries from Bangkok to Dubai to São Paulo. China
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China’s electric-vehicle makers are going global to avoid going under.
A price war at home and shrinking government support have thrown the industry into flux, with analysts predicting only 15 of the country’s 129 EV brands will remain profitable by 2030. China this year halved a purchase tax exemption for EVs, imposing a 5% levy on buyers for the first time.
The fallout is spreading beyond China’s borders, reshaping auto industries from Bangkok to Dubai to São Paulo. China
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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