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The fierce price war sweeping China’s EV market is likely to persist for years, with the impact to be felt by foreign carmakers which will see their market share shrink, Leapmotor co-president Michael Wu says. ....
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength. ....
Musk On China Visit: Tesla played a crucial role in catalyzing the growth of China s electric vehicle market in its early stages. However, as domestic companies such as BYD and Nio make significant strides in advancing their technologies, particularly in the realm of autonomous driving, China s dependence on Tesla is diminishing. The Chinese market is now inundated with cutting-edge models from local producers, which are eclipsing Tesla s products. ....