AUTOMOTIVE NEWS CHINA
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The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3 percent in May from Apri, but far from the robust recovery policymakers are hoping for.
With more than 75,000 charging points, EV owners in urban areas of the tropical island in southern China are usually no more than a mile or two away from somewhere to power up their cars.
The U.S. EV maker's China-built sales rose 142 percent in May from 32,165 a year earlier, when Shanghai, where its factory is located, was still subject to COVID containment measures that impacted output.
Ford says it will cease making cars at the Saarlouis factory on the border of France in 2025. It is said to want a reach a preliminary agreement on a sale later this month.