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NEV subsidies cut by half, range and battery density thresholds raised, local subsidies to be eliminated

BEIJING – After nearly three months of suspense, rumors and anticipation, the Ministry of Finance (MOF), Ministry of Industry and Information Technology, Ministry of Science and Technology and National Development and Reform Commission shocked the industry with a steeper than expected cut in new energy vehicle subsidies for 2019. According to

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He said, she said

Volkswagen Group CEO Dr. Herbert Diess’ comments last week during the German automaker’s annual media conference that the company was thinking about reorganizing its interests in China (e.g. adjusting equity share in its vehicle joint ventures there) as part of a broader strategy rethink (see Diess, e-mobility, Volkswagen, China and

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