China's EV Market Slowdown: BYD & Tesla Face Sales Drop
Update: 2025-11-11
Description
Chinas electric vehicle market faces a slowdown, with major players like Tesla and BYD experiencing significant sales drops. Government subsidies are being scaled back, and tax exemptions are set to halve next year, impacting sales. Despite this, Chinese automakers are expanding overseas, with potential for global market dominance by 2030.
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