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New Chinese EV subsidies could hit small lithium miners

Changing batteries is an everyday matter. Changing the amount of power in a battery is something quite different, but it’s what China is proposing to do and that could affect some of the hottest stocks on the stock market - lithium miners.

New Chinese EV subsidies could hit small lithium miners New Chinese EV subsidies could hit small lithium miners New Chinese EV subsidies could hit small lithium miners New Chinese EV subsidies could hit small lithium miners New Chinese EV subsidies could hit small lithium miners

Tesla's new factory in Shanghai. Image: Tesla

The plan is part of a move by China to streamline its manufacturing sector by encouraging manufacturers of bigger and more powerful batteries, and discouraging the myriad of small battery makers.