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Electric cars in China

China's BYD halts work at electric bus factory

Shutdown at country's largest EV maker follows big subsidy rollback

The temporary shutdown of a BYD electric bus factory could herald hard times ahead for China's EV industry.

GUANGZHOU -- BYD, China's largest electric-vehicle maker, temporarily halted operations at its EV bus factory in Guangzhou, Guangdong province, the latest knock-on effect that began when the government earlier this year decreased electric vehicle subsidies by up to 50%.

BYD and the Guangzhou Automobile Group jointly invested in the factory, which will be stopped through May. In company parlance, the factory "has entered the off-season."

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