Part of the reason for the subsidy cut was to get local carmakers to innovate.
I would think think that the likes of the Warren Buffett backed BYD in cahoots with Toyota will offer Tesla stern competition. Innovate they will.
Teir 1 batteries would also be part of this innovation which I’m sure this is what the Chinese Governments objective is. They know that Tesla and others will swamp the market if Chinese carmakers don’t pick up their game. Subsidies are hindering improvement.
Part of the reason for the subsidy cut was to get local...
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