China's electric car market growth expected to slow in 2025 due to increased competition

From CNBC: 2025-01-13 18:09:53

China’s electric car market is expected to slow in 2025, with analyst predictions of a 20% increase in new energy vehicle sales. Despite strong sales, only BYD, Tesla, and Li Auto were profitable in 2023. Automakers are adapting to increased competition by focusing on smart features and in-car entertainment. Appotronics plans to introduce advanced in-car projector screens and laser-based headlights in the future.

Read more: China’s electric car boom is expected to slow down in 2025