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China’s Automakers: Adapt or Die in EV Race

China's electric car industry is booming, but a surge of new models has sparked a price war. To survive, Chinese automakers like GAC and BYD must compete on price and innovation, investing in technology partnerships and localizing production outside of China. Meanwhile, foreign manufacturers face challenges in navigating China's competitive market and regulatory scrutiny from other countries concerned about the impact of Chinese EVs on their industries.