• 11/26/2024

EV start-ups Nio, Xpeng pin hopes on new, affordable models to boost sales as China’s budget-conscious consumers shift away from premium cars

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The two electric-car makers are pinning their hopes on new, less expensive models as consumers tighten their belts amid economic uncertainty and move away from the premium end of the market.

https://www.scmp.com/business/china-business/article/3223967/ev-start-ups-nio-xpeng-pin-hopes-new-affordable-models-boost-sales-chinas-budget-conscious-consumers?utm_source=rss_feed