China is trying to put the brakes on Tesla’s biggest rival ...Middle East

Economy by : (Quartz) -
For months, a budget Chinese EV that’s popular with Gen Z has been outselling Tesla in China. This situation could change soon.Shanghai, which is home to Tesla’s Chinese factory, has stopped issuing free license plates for EVs priced under 100,000 yuan ($15,560), according to local dealers and Chinese media reports. There has been no official announcement yet, but it could come in the coming weeks, according to the South China Morning Post. The policy, if it becomes permanent, could cause a problem for the Hong Guang Mini, a small, boxy EV priced at around $4,400.How license plates work in ChinaRead the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journal

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