Having signalled at the start of the year that it would not make further reductions to New Energy Vehicle (NEV) subsidies, it was confirmed by Chinese Premier Li Keqiang that China would extend NEV subsidies and certain tax exemptions for an additional 2 years as the country further adjusts to the fallout from the coronavirus pandemic.
The initial fears of a supply shock to the Chinese-centred lithium ion supply chain have now been compounded by concerns . . .
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