Since Beijing announced to scale back subsidies on electric vehicles (EVs) that made consumer worry about soaring EV prices, China’s WM Motor – a new energy vehicle (NEV) developer backed by Baidu and Tencent – believes that the subsidy cuts are nothing but "good news" that will help local EV makers focus more on innovation […]

A Glimpse Into China’s EV Policies: Subsidy Cut Is Nothing But Good News" comes originally from China Money Network. All Rights Reserved.