EconomyChina’s EV industry hit by EU export quota and VAT rebate cut
Measures introduced by Beijing and Brussels will affect Chinese EV makers’ exports, prompting analysts to lower earnings forecasts for the sector. Industry officials say the steps, alongside falling domestic sales, could put some of China’s roughly 50 EV makers at a “do-or-die moment” and increase financial pressure.
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South China Morning Post★★★☆☆2026-10-14 08:00Original
China’s EV industry hit by EU export quota and VAT rebate cut
Economy