China’s electric vehicle makers are on track to hit ambitious annual sales targets as they emerge as the victors from an intense price war that’s seriously wounded legacy foreign brands in the world’s biggest auto market.
Analysis by Hyperdrive points to an improved picture for the major Chinese EV players at the end of the third quarter compared to the same time last year, with robust deliveries likely having eased the financial pressure from needing a new round of discounts. And things could get even better with analysts forecasting a sales bonanza in the final three months of 2024.
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