Battery and Components
Northvolt CEO quits on tumble into administration
Troubled battery maker files for Chapter 11 protection in the US
Policy and Regulation
Why EV tax breaks in China are good news for global OEMs
Growth in their home market removes a key driver of Chinese OEMs' push for exports
2 min read
China has extended the tax breaks it offers to buyers of what it calls new energy vehicles (NEVs) for another four years at a cost of RMB520bn ($72.3bn), providing a boost to the country’s flagging automotive industry.
The RMB30,000 per vehicle incentive applies to BEVs, PHEVs and FCEVs in 2024 and 2025 and will drop to RMB15,000 in 2026 and 2027.
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Policy and Regulation
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European industry players reject 2035 tampering
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