Hyperdrive
China’s EV Market Looks Headed for End-of-Year Sales Bonanza
China’s electric-vehicle makers are on track to hit ambitious annual sales targets as they emerge as the victors from an intense price war that’s seriously wounded legacy foreign brands in the world’s biggest auto market.
The picture for major Chinese EV players at the end of the third quarter is improved compared to the same time last year, with robust deliveries pointing to less need for further discounting. Analysts also are forecasting a sales bonanza in the final three months of this year.