China's 2025 auto battle: subsidies, price wars, and foreign retreats

China's 2025 auto battle: subsidies, price wars, and foreign retreats

Shortly after taking office, US President Donald Trump took an aggressive stance against electric vehicles (EVs) and wind power, while the European Union (EU) and automakers remain locked in a tug-of-war over carbon emission penalties. In stark contrast, China’s new energy vehicle (NEV) market continues to expand, bolstered by strong government support.

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