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Explainer: Think China’s NEV Lead Is All about Subsidies? Think Again

Summary by iChongqing
This photo taken on Sept. 28, 2024, shows a hydrogen fuel cell system at the booth of Hyundai during an exhibition featuring cutting-edge technologies and products of new energy vehicle (NEV) in Haikou, south China's Hainan Province. (Photo/Xinhua) Beijing - A narrative increasingly heard in the United States and Europe attributes China's rise as the global leader in new energy vehicles (NEVs) to government subsidies. However, if this were the c…
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iChongqing broke the news in on Saturday, February 14, 2026.
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