Drive I/O | Chinese EV makers downsize while battery makers expand production

US-listed Chinese electric vehicle makers Xpeng Motors, Li Auto, and Nio are undergoing significant restructuring as rising costs of raw materials and supply chain disruptions cut into profit margins. Meanwhile, EV battery makers are upping their investment to increase production capacities as China continues an accelerated shift to EVs. Chinese EV makers are restructuring their businesses as challenges grow Drive…
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