SHENZHEN, China/TOKYO -- The rise of electric vehicles in China is fueling a shakeout in its auto market, uprooting players lacking the wherewithal to keep pace while the government bolsters a select few companies in its bid to make the country an automotive powerhouse.
Electric cars in China
China EV price wars drive Mitsubishi from market
Midsize automakers struggle to compete with local rivals as economy cools
Chinese automakers like BYD are cutting domestic prices and aggressively expanding overseas. © Reuters
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