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OverviewAPI
China's car sales are projected to surge by over 20% in November, driven by the growing demand for electric vehicles (EVs). BYD and Li Auto have gained market share in the EV segment, while Tesla's China-made EV sales have seen a slight decline. Despite Tesla's sales falling, BYD surpassed Tesla in global EV sales in July. The profitability of EV-only companies has been affected by Tesla's price war, leading to a focus on cost reduction and partnerships to survive.

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