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The Ballet Cat electric vehicle by Ora. China has around 200 EV makers, a number some predict will fall sharply in the coming years. (Photo by CK Tan) 
Business Spotlight

China's EV industry braces for a shakeout as prices plunge

Local players face softer demand and competition from foreign makers

CK TAN, Nikkei staff writer | China

SHANGHAI -- Amy Liu is unsure whether she should trade in her 5-year-old electric SUV for a newer model with a longer range or wait a bit longer.

"If I place an order now, I'm afraid the price might drop next month," the property agent in Shenzhen said.

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