News Snapshot:
China has ‘too many’ EV companies NIO and Tesla rising. Bank & Insurance By Jacky On Sep 13, 2021 Share China will encourage market consolidation in the electric vehicle sector, a sector it has nurtured for years amid the meteoric growth of greener transportation, the country’s minister of Industry and Information Technology said Monday. In addition to improving the charging infrastructure and mileage of electric vehicles, China’s EV sector needs to “embrace the market,” Xiao Yaqing said in a press conference on Monday, translated by Chinese state-owned company CGTN. This allows many small and dispersed businesses to “use their industrial…...
