Reuters was first to report that China is considering temporarily easing quotas designed to boost production of electric cars to help automakers badly bruised by the coronavirus pandemic to revive slumping sales. Policymakers in the world’s biggest auto market may also delay the implementation of a new emission particle restriction by six months to help the car industry, which has suffered a 79% drop in sales in February and expects a fall of around 10% in the first half of this year.
Reuters first to report China may ease electric car quotas, delay emission rules to help automakers?
01 April 2020, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia