What keeps China’s top carmakers growing as smaller EV rivals face the squeeze? – South China Morning Post

Sales momentum among leading carmakers contrasts with a domestic market downturn that is accelerating industry consolidation, analysts say
Shenzhen-based electric vehicle (EV) giant BYD handed over 490,168 cars to customers at home and abroad last month, up 11 per cent year on year, while Hangzhou-headquartered Geely delivered 310,183 petrol and electric cars worldwide in the same period, up 1 per cent from a year earlier, according to company statements.
“Top players, banking on their new models and advantages in cost and technology, showed their resilience in sales,” said Gao Shen, an independent analyst in Shanghai. “Their sales rises have ratcheted up pressure on weak carmakers that are struggling to survive [in a fiercely competitive] domestic market.”

source