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.
