China protests Korean lawmakers' visit to Taiwan koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Diesel car owners and retailers selling liquid urea in import-dependent Korea are concerned about a possible shortage of the substance after news reports surfaced that China has limited exports of the organic compound, according to industry officials, Sunday.
The Ministry of Environment has decided to reduce subsidies for the purchases of electric vehicles (EVs) that use batteries with lower energy density, thwarting the attempt by Korean importers of Chinese electric buses to stop the move. In contrast, the ministry accepted the request from Korean importers of cars made in the U.S., Europe and Japan to continue to offer subsidies for the purchases of EVs made by carmakers having outsourced service centers here.
The government is facing a severe backlash from importers of Chinese electric buses, as well as the Chinese Embassy in Korea, due to its plan to reduce subsidies for the purchases of imported electric vehicles (EVs) that use batteries with lower energy density, according to industry officials, Wednesday. Most Chinese electric buses are equipped with lithium ferro-phosphate (LFP) batteries with lower energy density compared to nickel, cobalt and manganese (NCM) batteries used in Korean EVs.