China is estimated to have as many as 500 EV start-ups. Photo: Bloomberg

Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity

  • Forecast number of vehicles produced by 2020 is 20 million, 10 times the government’s target
  • Sales of new energy vehicles in China surged 61pc in 2018
Topic |   Electric cars

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China is estimated to have as many as 500 EV start-ups. Photo: Bloomberg
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