China EV Sales Slow as Rising Battery Costs Push Drivers Toward Hybrids

China’s electric vehicle market is entering a more cautious phase in 2026 as higher battery prices and the gradual withdrawal of purchase incentives reshape consumer preferences. After several years of rapid growth led by battery electric vehicles, momentum is softening as cost sensitive

BYD Expands Hybrid Push With Exxon Collaboration

China’s leading electric vehicle maker BYD is deepening its cooperation with Exxon Mobil as hybrid powertrains gain strategic importance in China’s auto market. Under a newly signed long term memorandum, the two companies will expand joint work on customized product research, materials development