Source: Tech – South China Morning PostChinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market.
After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent battery-powered cars priced at around 100,000 yuan (US$13,888) became the primary choice for budget-conscious consumers.
Hangzhou-based Leapmotor,…Read More