The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Tesla to get boost in China as officials ponder EV subsidies extension after 2022: report

News Snapshot:

Tesla China may see a boost in domestic sales this year as the country is reportedly looking to extend electric vehicle subsidies that were set to expire in 2022. The information was shared by people reportedly familiar with the matter. China is the world’s largest market for electric cars, but amidst the recent Covid lockdowns, domestic EV sales have dropped. Tesla is no stranger to this. With Gigafactory Shanghai being closed for the majority of April, the electric vehicle maker, which produces China’s top premium SUV, saw a sales decline of 97.7% month-over-month . According to a Reuters report, government…

Other China Tech Buzz: