Juchen Auto Trade
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Chinese EV makers recover in May but competition remains fierce amid overcapacity woes
Chinese EV makers recover in May but competition remains fierce amid overcapacity woes Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Although top performers last month have shored up EV...