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China’s budget-friendly EVs, Tesla price cuts: 7 EV reads you missed

From China revealing its past EV subsidies to budget car manufacturers, here are seven EV stories you may have missed

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A production line of the Beijing Electric Vehicle Company in China’s Hebei province shows cars being produced in 2019, when the state-owned manufacturer received more subsidies than other carmakers. Photo: Xinhua
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.

1. China reveals past EV subsidies, from Tesla to state giants, showing funds shift

China has released a breakdown of the subsidy settlements for new-energy vehicle (NEV) companies from 2016 to 2020, along with the allocation plan for 2021 to 2022, and the data helps illustrate how the industry landscape shifted during those years.

2. Tesla China cuts price of new Model 3 as moment of truth nears

Tesla EVs sit outside a showroom in the southwestern Chinese city of Chongqing, on January 12, 2025. Photo: Getty Images
Tesla EVs sit outside a showroom in the southwestern Chinese city of Chongqing, on January 12, 2025. Photo: Getty Images

Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium EV segment.

3. China, already world’s new-energy leader, is not taking its foot off the pedal

Despite having the world’s biggest network for charging EVs, coupled with the largest new-energy storage capacity, China is not resting on its laurels.

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