EVs are expected to make up 90 percent of the Chinese market by 2030, adding urgency for the Germans to accelerate more competitive EV offerings. Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the brand’s slide in the country.
The current EV leaders in China “will tighten their grip on the market,” analysts from HSBC said in a report this month. “With the exception of Tesla, we think they will all be China EV…
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