2026-10-14 · South China Morning Post
🔮 China’s EV industry faces double blow from EU export quota, VAT rebate cut
China’s carmakers have relied on booming exports to ride out a domestic sales slump, meaning new export curbs will hit hard
China’s electric vehicle (EV) makers have been hit with a double blow as both Beijing and Brussels introduce measures that will affect their exports, leading analysts to revise down their earnings forecasts for the industry. mixed