Who is really forging change, gaining ground and a financial edge in China’s competitive market?

BYD showroom in Mexico City — BYD profits, benefiting from strong sales in and outside China, keep surging, setting it apart from most EV startups and many state-owned companies, which are still accumulating losses. (BLOOMBERG)

March 27, 2025 02:34 PM

China’s car market has undergone dramatic changes in recent years, with domestic automakers gaining ground on foreign rivals amid the market’s rapid shift to electrified vehicles.

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