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Topic: nio

A BYD electric car
New Markets
Wednesday, 7/1, 04:43 AM

China's EV Makers Post Strong June Deliveries, but Margins Stay Thin

  • China's electric-vehicle startups reported booming June and second-quarter deliveries: NIO handed over about 107,700 vehicles in the quarter, up nearly 50% from a year earlier, and XPeng topped 103,000.
  • The volumes are impressive — but a brutal price war means all those cars are being sold at wafer-thin margins.

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