Half of China’s NEV brands likely to fail; exports set for steep growth
- June 26, 2024
- Infrastructure
- 0 Comments
More than 130 brands are currently competing in China’s new-energy vehicle (NEV) market, says GlobalData Automotive Division China operations manager John Zeng. Three brands, however, dominate the market, with Tesla, BYD and Seres having taken 42% of the NEV market in the first quarter of this year.
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