Source: Tech – South China Morning PostCompetition in mainland China’s budget electric vehicle (EV) segment is likely to intensify as consumers seek value for money, according to dealers and analysts.
With at least a dozen intelligent EVs under 150,000 yuan (US$20,864) – from BYD to Leapmotor – qualifying for up to 20,000 yuan in subsidies, consumers are spoiled for choice. At the same time, a fierce price war is pulling in budget-conscious buyers.
“Consumption downgrade has spread to the car market as consumers are increasingly…Read More