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Economy

Brutal culling awaits China’s EV battery makers as support ends

Even top players like CATL and BYD are likely to feel the pain

BYD's electric cars on display in Guangzhou. The producer of electric vehicles and batteries has led the pack of Chinese manufacturers reaping generous subsidies. (Photo by Takashi Kawakami)

GUANGZHOU -- Only top electric-vehicle battery makers like Contemporary Amperex Technology, or CATL, and BYD are expected to be left standing when the Chinese government ends in 2020 the generous subsidies that have helped foster a domestic industry and kept less nimble players afloat.

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