“This is not a good sign for Chinese automotive companies as we accelerate our pace of going global.”
China is the world’s largest automotive and EV market, with nearly four out of every 10 new cars taking to the streets powered by batteries.
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‘Overtaking on a bend’: how China’s EV industry charged ahead to dominate the global market
‘Overtaking on a bend’: how China’s EV industry charged ahead to dominate the global market
But the domestic industry, crowded with more than 100 companies, is now mired in overcapacity woes following the collapse of several underachieving…
