A worker wipes as visitors sit on a BYD Song Pro DM-i car model during the Auto China 2024 in Beijing, Sunday, April 28, 2024. Global automakers and EV startups unveiled new models and concept cars at China's largest auto show, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles.
The green energy subsidies have helped transform the Chinese auto market, with EVs reaching about a quarter of new car sales last year, eating into demand for gasoline-powered vehicles.are scrambling to develop new EV models to hold onto or claw back market share in China, the world's largest automobile market.
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