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Nio was taking around 295 days to clear its receipts payable at the end of 2023 versus 197 days in 2021. Tesla only took around 101 days.
The sudden demise of Apple's EV program is a bleak sign for the car market and a welcome boon for automakers themselves. Read on.
The biggest winners are players already at the top, like BYD and Tesla, which have been consolidating their power. Read more at straitstimes.com.
The world’s largest electric vehicle market is putting its crowded infancy stage behind it.
Tesla is majorly disrupting the EV market in China and is giving 50% discounts on its cars. This has led to a major price war in the market, and caused other Chinese EV makers to change their strategies.