The focus of China’s NEV competition is shifting to energy replenishment. BYD is undertaking large-scale development of charging infrastructure, while NIO and Geely have announced a capital partnership.
Competition among China’s new energy vehicle manufacturers is entering a phase centred on the development of energy replenishment infrastructure. Against this backdrop, the article reports that BYD is making large-scale progress in developing its charging network.
NIO and Geely have also indicated their intention to enter into a capital partnership, and are expected to strengthen their competitiveness in energy replenishment through closer capital ties.