Life for e-car startups in China is becoming increasingly tough, as the Chinese government slashes subsidies for vehicle manufacturers. Firms like Byton and Nio are struggling to find fresh money to cover their capital needs.
The future of electromobility will be determined in China, say an increasing number of automotive experts. Chinese car manufacturers are increasingly targeting markets in Europe and North America.
More and more Western firms are relying on the vast Chinese market for their sales and profits. But doing business in China means toeing the Communist Party's line and any criticism can cost them business.
Asian countries have quickly got used to the billions in tax revenues from dozens of luxury casino resorts. But chasing wealthy Chinese tourists amid an economic downturn is a gamble that could turn to bust.
While Germany is finally creating the necessary infrastructure for e-mobility, China has started putting the breaks on state subsidies for electric cars. The government has a clear plan, according to DW's Frank Sieren.
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