industry associations – Charm

China signals it will pull plug on subsidies for EVs with five-year plan exclusion

Cs news6 months ago08 mins

SHANGHAI/BEIJING (Reuters) -China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world’s second-largest economy saddled with vast oversupply, prompting it to push into global car markets. Top policymakers omitted electric…

Analysis-China’s overcapacity crackdown faces litmus test in solar sector

Cs news8 months ago09 mins

By Joe Cash and Colleen Howe BEIJING (Reuters) -China’s efforts to curb industrial overcapacity face their first test in the indebted and bloated polysilicon sector, a key cog in solar cell production, where analysts say it is easiest for Beijing to intervene but still difficult to succeed. Under the plan, devised by industry players in…