Battle lines emerge in China's shifting NEV market

Upstarts Nio, Xpeng and Li Auto force traditional carmakers to take notice

Local EV brands are popular in China, holding around four-fifths of the market in the first seven months this year, according to the China Passenger Car Association.

AN LIMIN and HEATHER MOWBRAY, Caixin

September 18, 2022 15:10 JST

As China winds down the generous consumer subsidies that helped its market for new-energy vehicles surpass that of any other country, the landscape is shifting.

While the largest players -- Tesla and homegrown giant BYD -- look set to hold onto their leading positions for now, second-tier companies are facing increasing challenges.