China's EV industry braces for a shakeout as prices plunge

China's EV industry braces for a shakeout as prices plunge

FILE PHOTO: A Nio ET5 electric vehicle is displayed at the Chinese EV maker's showroom in Shanghai, China, February 3, 2023. REUTERS/Aly Song

Amy Liu is unsure whether she should trade in her 5-year-old electric SUV for a newer model with a longer range or wait a bit longer.