Facts you would like to know about the EV market in China
The electric vehicle industry in China is growing ever fast. Homegrown Tesla challengers spawned because of the government subsidy program encouraging and promoting EV adoptions across the country, have experienced a hard year in 2020 since the subsidy cuts earlier this year together with the economic shock brought by the pandemic. However the market rebounded thanks to the notional fundraising and a resurgence in consumers’ confidence. Today we are sharing with you an in-depth observer’s analysis by TechNode which has expatiated the up to date performance of the three main game players in China – Nio, Xpeng and Li Auto.