China’s electric vehicle market is cooling, but two major domestic automakers—BYD and Leapmotor—are defying the trend by expanding production and market share. While smaller competitors face mounting financial strain and declining sales, these firms are leveraging strong supply chains and brand recognition to sustain growth. Analysts attribute their resilience to aggressive pricing strategies and a focus on high-demand models, even as broader industry pressures weigh on weaker players. The contrast highlights a widening gap between industry leaders and struggling rivals amid shifting consumer demand.
BYD, Leapmotor buck EV market slowdown as pressure piles up on small rivals South China Morning Post
