Phantom Sales, Faked Papers Found in China EV Subsidy Probe

  • China says five electric bus makers cheated government of aid
  • Gemsea, Chery unit among those held out as ‘classic cases’

China's EV Subsidy Probe: What Was Discovered?

China punished five manufacturers of electric vehicles for scamming the government of about $150 million in subsidies in a crackdown aimed at rooting out fraud in the fast-growing industry.

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