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Home News Automotive

Deep Dive: China’s electric vehicle industry looks overseas for profits thanks to overcapacity in local market – YP

NEWSROOM by NEWSROOM
June 13, 2024
in Automotive, South Asia
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Deep Dive delves into hot issues in Hong Kong and mainland China. Our easy-to-read articles provide context to grasp what’s happening, while our questions help you craft informed responses. Check sample answers at the end of the page.

China is the world’s largest automotive and electric vehicle (EV) market and a major producer of EVs. Nearly four out of every 10 new cars in the nation are powered by batteries.

However, the domestic industry is crowded with more than 100 companies. Even after the collapse of several underachieving firms like WM Motor and Human Horizons, it faces the…



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