China’s subsidy change adds to EV makers’ stress, while petrol cars gain
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Source: South China Morning Post
Published: 2026-01-15 23:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, China, Business & Economy, Asia Pacific
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Snippet:
Typical subsidy on an EV drops by around US$1,150, changing buyer calculations and exacerbating the sector’s profitability woes
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