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From flagship to family car: SiC drives China’s EV boom amid intense price wars

Although the 2025 Shanghai International Auto Show has concluded, its ripple effects continue to shape the automotive landscape. Bolstered by the Chinese government’s early implementation of trade-in subsidies, alongside a confluence of auto show buzz and promotional campaigns, China’s passenger vehicle retail sales soared to 1.81 million units in April 2025, marking the second-highest monthly figure on record.