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China’s NEV market sees rising adoption of hybrid SiC tech amid price war

China’s new energy vehicle (NEV) sector continues to face intense price competition, with domestic manufacturers pushing vehicle prices to unprecedented lows. This aggressive pricing strategy has severely squeezed profit margins, prompting the industry to seek innovative solutions that can balance cost and performance. One such emerging technology gaining traction is hybrid SiC, which promises to enhance NEV efficiency while controlling manufacturing expenses.