More EVs with LG, Samsung batteries to receive subsidies in China
IndustryMar 23, 2020
The Chinese government has allowed subsidies for electric vehicles equipped with South Korean batteries, lowering the threshold for foreign battery makers. According to the Korean Embassy in Beijing on Friday, Tesla’s China-made Model 3 EV sedan and Chongqing Jinkang’s pure electric SUV -- equipped with LG Chem and Samsung SDI batteries -- have been included on a whitelist for new energy vehicle subsidies announced March 6 by the Ministry of Industry and Information Technology of