CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

In the wake of the news that five alternative energy vehicle (AEV) makers defrauded the Chinese government of about US$150 million in subsidies, the Chinese government adjusted its subsidy policies for alternative energy vehicles. —will be the biggest gainers. Subsidy fraud from five Chinese AEV makers in China. Subsidies totaled RMB33.44Brought to you by: EV Driven

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