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)
China's EV industry braces for a shakeout as prices plunge
Local players face softer demand and competition from foreign makers
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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