Race is on for rivals in booming NEV market--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The competition in China's new energy vehicle market is set to intensify because of the soaring price of lithium batteries, global chip shortages and a reduction in government subsidies on the vehicles, industry experts said.
The competition in China's new energy vehicle market is set to intensify because of the soaring price of lithium batteries, global chip shortages and a reduction in government subsidies on the vehicles, industry experts said.
China ends three-year decrease in auto sales chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
China s vehicle market ended its three-year decline last year, with deliveries edging up 3.8 percent from 2020 to reach 26.28 million. The China Association of Automotive Manufacturers estimates that the market will grow 5 percent to 27.5 million in sales in 2022.