China’s EV Startups Endure Widening Losses Regardless of Gross sales Growth

HONG KONG—China’s electric-vehicle market is booming, however the nation’s hottest EV startups are seeing losses develop whilst gross sales rise.

Rising battery costs and supply-chain delays this yr have pushed up prices additional for rising EV makers. The startups are already burning money to introduce newer, smarter fashions—full with heated therapeutic massage seats or battery-swapping providers—to realize a foothold on the planet’s largest car market.

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