The EV slowdown has been in the air since the year began. Even Tesla Inc (NASDAQ:TSLA) warned of a sharp sales slowdown this year or more precisely, a notably lower growth. Tesla even ended 2023 being overtaken by its Chinese rival BYD (OTC:BYDDY) during the last quarter. But when it comes to EVs, the slowdown is not the whole picture.
On the other hand, China's EV market flourished during the first half of 2024.
In July, global EV sales surged 21% thanks to record growth in China, according to a report by Rho Motion, a research firm. With1.35 million EVs...
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