Chinese EV Market Faces Challenges Despite Continued Growth
The Chinese electric vehicle (EV) market, the world’s largest, is experiencing a slowdown and a fierce price war among domestic manufacturers. Profits Plummet for EV Leaders BYD, China’s top EV producer in 2023, reported a significant drop in Q1 2024 profits compared to the previous quarter. Their net profit fell by 47%, despite a 13.4% … Read more