Rising chip, metal and battery-material costs, combined with faster model updates, are squeezing profitability across China’s crowded electric-vehicle market
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The Seres booth at the 2026 Shanghai International Low Carbon Smart Mobility Exhibition in Shanghai on July 3, 2026. Photo: VCG
Chinese EV maker reports weaker revenue and lower deliveries as demand shifts toward battery-electric models and costs remain high
Losses at EV makers like BAIC, Seres and GAC contrast with bright upstream picture
Brutal EV price war and rising material costs drag December margins to record low of 1.8%
Through partnerships with Chinese automakers, Huawei is evolving into an influential force shaping the future of smart EVs
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