BYD's Dominance Is Taking Its Toll on Smaller Chinese EV Rivals

By Yahoo! Finance | Aug 29, 2024 at 12:34 AM EST

BYD's impressive growth in the Chinese electric car market is overshadowing smaller rivals like Li Auto and Xpeng, as they struggle with disappointing earnings. BYD's dominance and profitability are driving industry consolidation, with a focus on battery and hybrid technologies to outpace competitors.

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