A recent iSeeCars study reveals that electric vehicles depreciate faster than their gas, diesel, and hybrid engine counterparts after about three years of ownership.
On September 27, BYD announced that it had entered into an agreement with Huawei to equip its soon-to-be-launched Leopard 8 model with advanced autonomous driving technology.
Although electric vehicle sales in China remain robust, a price war has erupted due to aggressive production by various brands, resulting in a significant surplus of vehicles.