Chinese automakers are aggressively expanding their lineups of large electric vehicles (EVs) to meet growing consumer demand, sparking industry debates over a potential weight-based consumption tax to curb the trend.
Automakers are accelerating the release of large models to secure higher prices and stronger profit margins. Zeekr Intelligent Technology Holding Ltd. plans to launch its large 8X sport utility vehicle in April, following Nio Inc.’s recent launch of its flagship ES9 and ahead of Li Auto Inc.’s anticipated release of the new-generation L9 in the second quarter.
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