News Snapshot:
China’s power cuts could put a dent in the booming electric vehicle (EV) sector as the suspension of charging stations in parts of the country keeps some battery-powered cars off the roads, analysts said. The power blackouts in more than 10 provinces across the mainland are likely to further sap drivers’ appetite for EVs in regions where their take-up is already low. “In northeast China, electric cars have been greeted with a lukewarm response for many years,” said Zhang Fan, a car insurance broker in Jilin province. “The power cuts could further siphon off buying interest in electricity-powered vehicles.” Since...
