"China's Electric Vehicle (EV) Market Hits the Brakes: Domestic Sales Plummet 38 Percent. China's dominance in the global electric vehicle market is facing a major crisis as domestic sales of EVs have dropped by a staggering 38 percent. The slump has sent shockwaves through the industry, with two of China's largest EV manufacturers, BYD and Geely, scrambling to respond. In a bid to escape the home-market slump, both companies are unveiling innovative new technologies, including ultrafast-charging batteries and robotaxis, while also doubling their overseas exports in a desperate bid to stay afloat. Can these measures be enough to revive China's EV industry, or will the country's EV giants be forced to adapt to a rapidly changing market?"
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.
