China’s EV Makers Turn to Hybrids in Pursuit of Elusive Profits
‘The pure electric-vehicle firms are not profitable,’ a senior Geely executive says.
An XPeng P7i electric vehicle at the Bangkok International Motor Show in March 2024.
Photographer: Andre Malerba/BloombergThanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
The world’s largest auto market isn’t ready to scrap the internal combustion engine just yet.