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.
Caixin
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.
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