Caixin
Sep 15, 2022 08:28 PM
TECH

In Depth: New Battle Lines Emerge in China’s Shifting NEV Market

Local EV brands are popular in China, holding around four-fifths of the market in the first seven months this year, according to the China Passenger Car Association.
Local EV brands are popular in China, holding around four-fifths of the market in the first seven months this year, according to the China Passenger Car Association.

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.

The U.S.-listed trio of firms that make up the second-string — Nio, Xpeng and Li Auto — are seeing their first-mover advantage erode.

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