Fresh battle lines emerge in China’s shifting new energy vehicles market

Fresh battle lines emerge in China’s shifting new energy vehicles market

REUTERS/Tingshu Wang/Files

As China winds down the generous consumer subsidies which helped its market for new-energy vehicles surpass that of any other country, the landscape is shifting.

While the largest players — Tesla and homegrown giant BYD — look set to hold onto their leading position, for now, the second tier of companies is facing increasing challenges.

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