Premium plan: Chinaโs EV makers pin hopes on high-end models to buttress margins
Chinese electric vehicle (EV) makers are speeding up their pivot to the premium segment, where they hope to secure higher profit margins and dodge the cutthroat marketโs most vicious price competition. New models launched by carmakers including Nio and Seres also mount a challenge to Teslaโs bestselling Model Y in the worldโs largest EV market. โIntensified efforts to gain ascendancy in the premium segment show the carmakersโ confidence in their technologies,โ said Chen Jinzhu, CEO of...