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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.

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.

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