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The Tumultuous Future of Electric Vehicles in China

The landscape of the electric vehicle (EV) market in China is shifting dramatically, and the significant depreciation in value for these vehicles has raised serious concerns among consumers and industry experts alike. This article explores the latest trends, issues affecting resale values, and the uncertain future of the Chinese EV industry.

The Rapid Depreciation Dilemma

A disturbing trend has emerged where EV purchases are rapidly losing value. For instance, a Skyworth EV bought for 160,000 yuan in 2024 was recently valued at only 40,000 yuan. The owner expressed feelings of despair over such a drastic drop in worth, highlighting that buyers have become victims, or "chives," in this skewed market.