Business
China car trade-in subsidy halted in some areas as funds run low
China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six…
Tag
subsidy
Business
Xiaomi hits fresh record high on China’s subsidy programme boost
XIAOMI’S shares surged to a fresh record in Hong Kong on Friday (Feb 7), as new product launches and benefits from China’s nationwide…
Business
China renews car trade-in subsidy to boost hybrid, EV sales
CHINA has renewed a trade-in subsidy of up to 20,000 yuan (S$3,724) to help underpin sales of fuel-efficient vehicles, including electric…
Business
German electric vehicles sales collapse in 2024 after end of subsidy
New VW ID.Buzz electric buses are parked in a parking lot at the Volkswagen Commercial Vehicles plant.Sales of electric vehicles in…
Business
China auto body seeks subsidy extension as EV exports take hit
CHINA’S biggest industry group for automobile makers urged the government to extend concessions for trading in older vehicles, as part of…
Unsorted
India probes three EV firms for $35m subsidy fraud
India's Ministry of Corporate Affairs (MCA) has announced an ongoing investigation into three electric vehicle (EV) manufacturers for…
Unsorted
China Eastern pulls Madrid service amid subsidy crackdown
CHINA Eastern Airlines is pulling its twice-weekly flight from Wenzhou to Madrid at the end of this month as the country’s aviation…
Business
Tesla sales perk up after China boosts electric vehicle subsidy
TESLA is expected to post its first quarterly sales increase this year after car buyers in China, the world’s largest electric vehicle…