BUSINESSSCMP CHINA
China’s EV industry rose with the aid of tax breaks. What happens when they end?
China is ending tax exemptions that fueled the rise of its electric-vehicle (EV) and solar industries, which could increase production costs and pressure manufacturers as Beijing aims to curb overcapacity and price wars. The tax could add about 1,000 yuan (US$147) to the cost of producing an EV.
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