Good News & Bad News, page-18878

There are 2 types of China subsidies, 1 for the OEM's and 1 for individual consumer, the former is not expected to be extended beyond 31/12/22, but the latter is. I emailed a Chinese reporting agency early this week on the same subject matter, below is the reply,

Regarding your questions, in China, let me clarify in this way. Thereare two kinds of “subsidy” in NEV market, one is the national standard subsidybetween China government and NEV producers (in 2022, for example pure electricpassenger car producers, they enjoy the subsidies based on the differentrecharge mileage, energy density, electricity loaded, etc.., with rechargemileage between 300-400km with RMB 9,100 and equal or more than 400km withRMB 12,600), this subsidy will be canceled by end of year 2022. The othersubsidy that you mentioned below the exemptions on NEVs purchases forindividual customers, this is extended to end of year 2023.