China has scrapped its list of recommended battery suppliers, the industry minis...
FILE PHOTO: Baojun E100 and E200 all-electric battery cars sit parked at a parking lot operated by General Motors Co and its local joint-venture partners in Liuzhou, Guangxi Zhuang Autonomous Region, China, February 28, 2019./File Photo
China, the world’s largest new energy vehicle market, has seen increased investment from South Korean battery makers LG Chem Ltd and Samsung SDI Co Ltd amid expectations for a gradual change in policy. [nL4N1Y829E] Foreign makers complained the list discouraged competition and became linked to generous subsidies for recommended domestic companies such as Contemporary Amperex Technology and BYD Co Ltd.
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