BusinessPhoto: NDTVChina Leads Global EV Market but Faces Domestic Sales Slump
China has become a global leader in electric vehicles (EVs), with its carmakers challenging established brands and expanding into markets across Europe and Latin America. However, domestically, the industry struggles with overcapacity, too many manufacturers, and fierce price competition. Despite advanced technology and production capabilities, Chinese EV makers face declining profits and unsold inventory as domestic demand fails to keep pace with rapid expansion.
NDTV·


