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Analysts say the new rules will benefit China's NEVs industry, prompting auto manufacturers to upgrade technology to meet the subsidy requirements.
Analysts also noted that behind the wave of goodwill impairment could be earnings management behavior. That is, the companies use accounting techniques to "modify" financial reports.

And the Chinese government is committed to shoring up its EV sector. Subsidies for manufacturers that were introduced in 2009 have come to an end, but the government is focused on building a strong nationwide network to charge vehicles throughout the country's cities and highways, according to China's Ministry of Finance. Such a network is key to speeding up demand for EVs.
An outsider was brought in who knew nothing about X-Ray. I was later told the new manger was hired based on management experience. She spent her first week being trained by one of the temps who had been deemed unqualified for the product manager position. After spending a week training the manager, and being her go-to person for the next three weeks whenever there was a problem, he was let go because he reached the maximum of eleven months on his contract. Since the new manager never completely grasped the program, she asked a select few of the oldest temps to train the newest temps. It seemed to me that these people were not chosen based on merit or capability, but more like she was putting together her own collection of “cool” kids. The best way to be put in a leadership role was be a pretty girl or a dude who used liberal amounts of Axe hair gel.
Analysts predict limited long-term effects as growth remains stable, say investors overreacting
来源:资阳报