China tightens grip on its electric vehicle market
Authorities have cracked down on firms making substandard products and gaming subsidy schemes; there are new rules for firms applying for a licence to make all-electric cars
Guangzhou
AFTER paying out billions of dollars in subsidies to promote greener cars - and creating a gold-rush among unknown start-ups - China is tightening its grip on the world's biggest electric vehicle (EV) market to weed out weaker domestic firms.
But some leading local EV makers are, for now, ignoring calls to apply for costly manufacturing licences, preferring to invest in design and technology innovation.
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