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Chinese carmakers, Tesla eyeing midrange market

Nuying Huang, Taipei; Ines Lin, DIGITIMES 0

The segment of mid-priced cars is gaining momentum in China. Credit: AFP

The surging costs of lithium batteries and vehicle components continue to pressure suppliers of micro- and small-sized cars in China. Many of them are migrating to the mid-priced tier, whereas Tesla plans to launch cheaper models.

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