China's EV industry faces global expansion hurdles
Edited By WION Video Desk
Published: Sep 19, 2024, 06:00 IST | Updated: Sep 19, 2024, 06:00 IST
Chinese electric vehicle makers are ramping up production. Over 50 new electric and plug-in hybrid models are expected to hit the market in 2024. However, despite this surge, profitability remains elusive for most companies due to high development costs and a brutal price war.
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