China’s electric vehicle industry is, by most accounts, experiencing unprecedented boom times: the cars are cheaper, consumers more primed to purchase them, and there are lots of viable options ...
In China, you can buy a heavily discounted “used” electric car that has never, in fact, been used. Chinese automakers, desperate to meet their sales targets in a bitterly competitive market, sell cars ...
Years of hefty government subsidies and a brutal price war have put China’s EV industry in a tough spot. China is building more EVs than it can sell, leaving cars piling up and prices slashed. The ...
Beijing has run out of patience with companies slashing prices, and is urging restraint. But fierce competition is also producing a surge of innovation. By Keith Bradsher Keith Bradsher, who has ...
More first-time car buyers in China want to buy battery electric vehicles over other types of powertrains, due to their ...
LITTLETON, Colorado, Oct 30 (Reuters) - China's booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion ...
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has ...
There was a time when the U.S. was the world leader for technological innovation, but thanks to Republican policies, those days are over. Now, China is the world's new technology leader, and nowhere ...
China’s car dealers are facing mass closures as EV overcapacity, direct sales, and relentless price wars erase profit margins and redefine how cars are sold. China’s auto dealers are facing their ...
On the outskirts of this city of 21 million, a showroom in a shopping mall offers extraordinary deals on new cars. Visitors can choose from some 5,000 vehicles. Locally made Audis are 50% off. A seven ...