SHANGHAI — The Shanghai auto show was eye-opening for the sheer number of Chinese brands seeking to satisfy local buyers’ cravings for new high-tech models.
Falling new-vehicle prices, driven by cut-throat competition and a maturing local battery supply chain, means the consumer is currently king, which is giving brands a financial headache.
Not every new model at the show was full-electric. Plug-in hybrids with a long electric range were common, while Chery revealed an…
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