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With continued automobile price cuts in China, micro EV market faces depreciation crisis

Chinese new energy vehicle (NEVs) price cuts have continued to rage on, which in turn has affected the sales situation of micro EVs. Suppliers in Chinas automotive supply chain stated that major car brands were all actively selling low-priced micro EVs to compete in the market. Despite that, pressured by the fierce price wars recently, micro EVs are already facing a market depreciation crisis.
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