China Swats ‘A Few Flies’ to Temper Electric-Car Maker ExcessesBloomberg News
Subsidy crackdown is latest step to recalibrate EV industry
Government guarding against shortcuts to 5 million sales goal
China’s go-go era of pouring billions in subsidies that turned its electric vehicle market into the world’s biggest may be coming to an end after the government cracked down on funding cheats and pledged to wean the industry off handouts.
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