The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.
  • cyd@lemmy.worldEnglish
    01·
    9 months ago

    China is using subsidies to accelerate the green transition, exactly like the US is doing with the “Inflation Reduction Act” and other initiatives.