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Caixin

Why electric vehicles have trouble retaining their value in China

Generous subsidies helped create depreciation problem

An electric car charging station in Shanghai. In China, EVs don't hold their value as well as their conventional peers.    © Reuters

In July 2019, Xpeng customers were up in arms.

The Chinese electric vehicle maker had just launched an updated version of its G3 compact SUV, featuring a battery that gave the model a much better range than its predecessor.

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