Tag: china car market
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Exploring the Impact of Rapid EV Innovation in China: Hangzhou’s Electric Vehicle Graveyards and Global Market Shifts
In Hangzhou, China, a visual testament to the rapid evolution of electric vehicles (EVs) unfolds in the form of vast graveyards filled with outdated models. This phenomenon highlights the pace at which technology advances in the EV sector, spurred by significant investment from the Chinese government. As China cements its position as a global leader…