From CNBC: 2024-05-19 06:48:11

The Chinese electric car market shifts focus from price to features, with consumers willing to pay more for desirable upgrades like panoramic sunroofs. Only 12% of cars globally have this feature, leaving room for growth. Chinese buyers prefer tech features and battery brands, with hybrids gaining popularity over purely electric vehicles. Brand preferences are changing, with BYD retaining top spot and Xiaomi closing in on Tesla. Nio releases new affordable SUV in competitive market.



Read more at CNBC: China’s hot EV market no longer focused on lower prices. Stocks to watch