News First | Asia

Hybrid vehicle sales surge in China, posing fresh threat to foreign automakers 

21 November 2023, 12:00 am
1 min read
FILE PHOTO: A Li L7 electric SUV by Li Auto is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo

Reuters was first to report that as EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars.