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China EV profit woes fuel market anxiety over challenging 2026 (www.scmp.com)

submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Investors in Chinese electric vehicle (EV) stocks, who had been hoping for a strong earnings season to provide fresh tailwinds, instead face disappointing results that have stoked anxiety about what lies ahead. The sector was riding high – with Xpeng’s year-to-date gain exceeding 130 per cent earlier this month – buoyed by a surge in global risk appetite and an improved outlook for Chinese assets. But signs of pressure at even established firms like BYD have raised new questions over the...

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