Beijing, China – In a recent statement during a roundtable discussion in Paris, Wang Wentao, China’s Minister of Commerce, addressed the rapid ascent of China’s electric vehicle (EV) industry, attributing its success not to state subsidies but to continuous innovation and a robust supply chain. Wang’s comments came against the backdrop of increasing scrutiny by … Continue reading China credits innovation, not subsidies, for its EV market lead amid Yellen’s ‘overcapacity’ concerns.