China sets out to reign in country’s bloated EV industry

china sets out to reign in countrys bloated ev industry

Sumary of China sets out to reign in country’s bloated EV industry:

  • It’s imperative to concentrate on a few key manufacturers and suppliers of the ingredients of an EV,” Bill Russo, founder and CEO of Shanghai-based advisory firm Automobility Ltd, told the news outlet.
  • Tu Le, founder of Beijing-based advisory firm Sino Auto Insights, says the government’s current move is just another way “to trim the [number] of [EV market] entrants.

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