www.bloomberg.com
Chinese automakers are accelerating growth by dominating the electric vehicle (EV) and plug-in hybrid markets, a pivotal segment largely bypassed by legacy global carmakers. This strategic focus has allowed Chinese brands to capture significant market share domestically and expand aggressively into international markets. While many traditional manufacturers initially hesitated on plug-in technology, Chinese companies capitalized on the gap, leveraging advanced battery technology and government support. Consequently, this dominance in the electrified segment is reshaping the global automotive industry, challenging established players who are now scrambling to catch up in the EV race.
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