Tuesday, 02 January 2024 12:17 GMT

China Moves To End Subsidies To Its EV Industry


(MENAFN- Investor Brand Network) Beijing has removed electric vehicles from its list of strategic emerging industries for the first time in over a decade, signaling a fundamental shift in how the world's largest automotive market will support its dominant EV sector. The exclusion of NEVs from China's 2026-2030 five-year development plan indicates policymakers believe the industry has matured enough to compete without tens of billions' worth of government subsidies and customer incentives.

North American EV makers like Bollinger Innovations, Inc. (OTC: BINI) will take little comfort from the phasing out of...

Read More>>

About TinyGems

TinyGems is a specialized communications platform with a focus on innovative small-cap and mid-cap companies with bright futures and huge potential. It is one of 70+ brands within the Dynamic Brand Portfolio IBN: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TinyGems is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, TinyGems brings its clients unparalleled recognition and brand awareness. TinyGems is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TinyGems, text“Gems” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: /Disclaimer

TinyGems
Austin, Texas

512.354.7000 Office
[email protected]

TinyGems is powered by IBN

MENAFN03112025000224011066ID1110288274



Investor Brand Network

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search