Fly On Wall :China is extending subsidies on electric car purchases LINK
February 9, 2014
18:42 EDT F, TSLA, HMC, TM, GM, NSANY China to extend electric car subsidies.
China is extending its program of offering subsidies on electric car purchases as the country looks to continue its effort of reducing pollution in cities, says Reuters.
Notice the other car companies listed on there (Ford, GM, Nissan). The same article is found under their tickers as well. Take a look and also at their price movement.
Their stocks are doing little based on this news...since it is for domestic EVs. if anything this gives a leg up for manufacturers already there in China.