China's electric vehicle (EV) industry is facing a daunting domestic crisis, with sales plummeting by a staggering 38 percent. The country's EV giants, BYD and Geely, are scrambling to respond to this downturn by investing heavily in innovative technologies. In a bid to stay ahead of the competition, both companies are developing ultrafast-charging batteries that can recharge vehicles to 80 percent in just 10 minutes, a game-changer for long-distance travel. Meanwhile, BYD is also launching a fleet of robotaxis, self-driving vehicles that can transport passengers without the need for human drivers, in a move that could revolutionize urban transportation.
China's EV giants face a domestic crisis as sales drop 38 percent. BYD and Geely respond with ultrafast-charging batteries and robotaxis while doubling overseas exports to escape home-market slump.
