China’s EV ‘Elimination Contest’ and Key Developments
A summary of recent developments in China’s electric vehicle (EV) market, highlighting key trends and company performance.
Electric vehicle (EV) and new energy vehicle developments have been making headlines recently. Here’s a recap of seven key stories you may have missed:
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CATL to See Strong Growth: Analysts predict robust growth for Contemporary Amperex Technology (CATL), the world’s largest EV battery producer, in 2025, following record earnings last year.
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‘Elimination Contest’ Looms: The Chinese new energy vehicle sector is bracing for a challenging “three-year elimination contest.” Industry insiders anticipate that over three-quarters of companies may not survive this period.
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Kazakh Tycoon Enters the EV Market: Kenges Rakishev, chairman of the Fincraft Group, is looking to partner with China to take advantage of the growing EV sector. Rakishev stated, “We are a natural partner for China, especially in the growing EV sector.”
