China actually didn't "stop" subsidizing EVs, they changed direction in a very graphite-bullish manner.
The sudsodies all moved up the value chain and most especially up range. The entire suite of subsidies now clearly favors/targets creation of globally-relevant extended-range EVs.
And what do they all have in common? Bigger batteries.
This investor cheered the subsidy revamp and suspects we will see increasing exports (Byd is now in Norway with their BEV Tang) and concommitant graphite demand and further announcement of same.
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