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Industries – Automotive
China has been the world’s largest producer and consumer market for the automotive industry since 2009, with new energy vehicles becoming especially popular among Chinese consumers. More and more domestic companies are creating electric vehicles (EVs) to cater to the increased demand. EV manufacturer NIO has been leading in this field and has emerged as a significant competitor to Tesla in China. Investment from Chinese companies into artificial intelligence and other cutting-edge technologies has also resulted in large-scale trials of self-driving cars and taxis in China. Dao Insights provides all the latest news and trends on China’s automotive industry.