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France's revised subsidies for EVs pose existential threat to its brands in China - Automotive News - 09-21-2023
France's revised subsidies for EVs pose existential threat to its brands in China
<p>Renault, Peugeot and Citroen have significantly scaled down their local operations in recent years. The revised subsidy policy the French government released for electric vehicles this week, coupled with the anti-subsidy probe of China-made EVs the EU announced last week, will leave the three French brands with literally no choice but to exit China.</p>
https://www.autonews.com/china-commentary/frances-revised-subsidies-evs-pose-existential-threat-its-brands-china