Reuters was first to report that as EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars.
Automotive
Hybrid vehicle sales surge in China, posing fresh threat to foreign automakers
21 November 2023, 2:22 pm 1 minute
Market Impact
Experts warn that foreign brands now face a growing threat from Chinese rivals that have conquered the domestic hybrid market and are looking overseas, emboldened by their strength as the world’s lowest-cost EV producer after heavy investment in supply chains.
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Business & FinanceIndustrial Goods & ManufacturingTransport & Logistics
Regions: Asia
Countries: China
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
