1. China reveals past EV subsidies, from Tesla to state giants, showing funds shift
China has released a breakdown of the subsidy settlements for new-energy vehicle (NEV) companies from 2016 to 2020, along with the allocation plan for 2021 to 2022, and the data helps illustrate how the industry landscape shifted during those years.
2. Tesla China cuts price of new Model 3 as moment of truth nears
Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium EV segment.
3. China, already world’s new-energy leader, is not taking its foot off the pedal
Despite having the world’s biggest network for charging EVs, coupled with the largest new-energy storage capacity, China is not resting on its laurels.