China’s EV industry calls on regulators to curb the back-seat driving
AUTO experts and industry executives in China are calling on regulators to explore a market-based approach to governing electric-vehicle (EV) makers’ manufacturing qualifications, as the sector confronts an influx of inexperienced and ultimately unsuccessful firms amid the country’s push towards electrification.
The success of China’s EV industry has been widely viewed as the result of years of Beijing’s supportive policies, including the use of subsidies to spur demand, and instruments such as a strict permit system to better manage capacity.
However, regulators have been considering tightening rules over carmaking licences, which would effectively prohibit companies from making use…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Heathrow faces further strike action in May from ground staff
Boeing bid for Spirit AeroSystems hits snag over Airbus assets
Tesla to cut 400 jobs in Germany via voluntary programme
GE Aerospace raises earnings goal on strong engine sales
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast