<ul><li>Chinese EV companies, including BYD, Xpeng, Zeekr, and Nio, are turning to hybrids as a new strategy for higher profits and global expansion.</li><li>Hybrids and extended-range vehicles are becoming increasingly popular in China due to limited access to charging infrastructure and customer skepticism towards pure battery-powered vehicles.</li><li>Hybrids are generally cheaper to produce than battery electric vehicles and offer a broader market with different price points, attracting customers who may not be ready for full electric vehicles.</li><li>Chinese EV companies also see hybrids as advantageous for overseas expansion, as hybrids are exempt from European tariffs on imported Chinese electric vehicles.</li></ul>

Hybrids are the latest trick for Chinese automakers seeking higher profits and global expansion

Discover more