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fromPrx
1 week agoThe World
Shenzhen and BYD anchor China’s global dominance in electric-vehicle production amid concurrent geopolitical tensions and unconventional cultural diplomacy.
In China, you can buy a heavily discounted "used" electric car that has never, in fact, been used. Chinese automakers, desperate to meet their sales targets in a bitterly competitive market, sell cars to dealerships, which register them as "sold," even though no actual customer has bought them. Dealers, stuck with officially sold cars, then offload them as "used," often at low prices.