China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.

source https://www.cnbc.com/2024/05/03/chinas-automakers-must-adapt-quickly-or-lose-out-on-the-ev-boom.html