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Joined: Tue Feb 14, 2017 11:59 pm

World's largest EV manufacturer experiencing slow down

Tue May 09, 2017 1:45 am ... peed-bump/

The world's largest electric vehicle maker hits a speed bump lately with the Chinese government reducing the subsidiaries for electric car purchases.

BYD out of southern China is the world's biggest EV producing company. Typically they have been producing 900 car bodies a day but right now only 500 cars a day are filling the required quota. There is speculation that the drastic reduction in subsidiaries and tax incentives from the Chinese Government are to blame. Interestingly enough just a few months ago the Chinese subsidiaries were all over the EV news

Posts: 60
Joined: Tue Jul 05, 2016 12:53 am

Re: World's largest EV manufacturer experiencing slow down

Wed May 10, 2017 3:35 am

I found this interesting because so often we don't think globally only locally. In this case North American - Of course there could be a much larger manufacturer globally and the impact of their slow down may have some consequence to us over here.

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