HONG KONG -- Larger-than-expected cuts to China's electric vehicle subsidies are set to hasten industry consolidation and help level the playing field for foreign competitors in the world's largest auto market.
Business trends
EV subsidy cuts give Chinese automakers more reason to fret
Fast-growing used-car market also takes toll on sales of new electrics
Geely's new Geometry A electric vehicle is shown to the media at the Shanghai auto show in April. © Reuters
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