China ends loss-making EV sales as market slows
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
China's electric vehicle market is experiencing a slowdown, leading some companies to end loss-making sales. Sales for certain ev manufacturers, such as BYD, have declined in recent months, with some outlets reporting a shift in consumer interest towards hybrids due to rising battery costs. The slowdown has reportedly affected both domestic and international car brands, with some western companies reevaluating their electric vehicle strategies after incurring significant losses.
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