EV sales will in fact rise in the next three to four months, before Beijing cancels cash subsidies next year, industry watcher says. State Grid has not yet said when power cuts at charging stations will end.
US President Joe Biden signed the CHIPS and Science Act into law on Tuesday with the aim of stimulating the country’s semiconductor industry and maintaining its technological supremacy (albeit with doubts).
The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk of downsizing and layoffs.
Chinese cars are heading to Japan for the first time in memory – and electric-car brand BYD is leading the charge, with three models also slated to eventually reach Australia.