China EV makers beyond BYD find road to profitability

Pricey SUVs and lower battery costs lift Seres, Leapmotor and Li Auto out of the red

20250212N AITO M7

Seres Group's popular Aito M7 SUV is an extended-range electric vehicle. (Photo by Shizuka Tanabe)

SHIZUKA TANABE

GUANGZHOU -- More Chinese manufacturers of electric and other new energy vehicles are emerging from years of losses to join BYD in turning a profit, thanks partly to alternatives to pure EVs that lessen the cost burden of batteries.

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