China weeds out 'phantom' green car producers

ReutersNewsPublished: November 21, 20161 views
Published: November 21, 2016

China tightens its grip on its domestic electric vehicle market after discovering some of the companies receiving billions in available subsidies were cheating. As Ryan Brooks explains many sold their own cars to themselves and pocketed the funds- or didn't bother to make vehicles at all, a frustrating outcome in China's push to go green.

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