09-21-2023, 03:34 PM
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-commentar...ands-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-commentar...ands-china