China won't end EV subsidies after cuts spark sales slump

New-energy vehicles are crucial to Beijing's global automotive strategy

20200120N Electric vehicle China REUTERS

State subsidies helped make China the largest market for fully electric autos and plug-in hybrids. © Reuters

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China looks to extend the expiring subsidies supporting the purchase of electrified vehicles as the country hopes to reverse the recent decline in sales, a senior Chinese official said Monday.

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