Domestic carmakers like BYD will become beneficiaries of a ‘consumption downgrade’, analysts said. Photo: Bloomberg
Electric cars: Chinese Tesla rivals stand to benefit as budget-cautious consumers opt for cheaper models in 2023
- Domestic carmakers like BYD and Li Auto may become beneficiaries of a ‘consumption downgrade’, analysts say
- ‘Chinese consumers’ fondness for foreign car brands is history,’ Guan Mingyu, a partner at McKinsey, says
Domestic carmakers like BYD will become beneficiaries of a ‘consumption downgrade’, analysts said. Photo: Bloomberg
