China's EV Boom Faces Challenges as Incentives Expire and Competition Rises
- China's EV industry has grown rapidly in past 10 years to over 20 million EVs
- Favorable government policies drove the boom, but are expiring soon
- EV sales in China account for 60% of global total
- Fierce competition is pressuring Chinese EV maker profitability
- Chinese EV makers seeking overseas opportunities face challenges