Chinese EV MakersBYD and Xpeng Target Premium SUVs, Risking Market Glut

The image displays Xpeng’s GX model (left) alongside BYD’s Great Tang. Chinese electric vehicle makers have introduced at least 20 full-size SUVs this year, with sources including Nikkei and Reuters.

HONG KONG — Chinese automakers are accelerating the launch of electric SUVs inspired by Land Rover designs to secure higher profit margins in an increasingly competitive market.

Source link