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The market for China's new energy vehicles (NEV) rebounded in May based on delivery volumes. Li Auto showed shinning performance in the first quarter of 2023, while Xpeng Motors and Leap Motor suffered from losses.
Zhu Jiangming, founder of Chinese electric car startup Leap Motor (零跑) predicted that the cost of making a new energy vehicle will be just RMB50,000 ($7,250)
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