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China's Carmakers Outstrip Foreign Brands In Its Electric Vehicle Boom

17 Jan 2023 | Abstracted from Financial Times

"Fast-growing companies such as BYD, XPeng, Li Auto and Nio are increasingly favoured by consumers.

"The biggest winners from what is becoming a new golden age for China's auto industry...are a clutch of fast-growing local companies.

"The pace of growth means China is on the cusp of hitting 50 per cent of car sales to be EVs by end of 2025."



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