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Sales of major Chinese electric vehicle makers including BYD and Geely fell by nearly half in February from a month prior.Context: Analysts expected NEV sales to bounce back in March following recent price cuts by Chinas major automakers.

already struggling to maintain reasonable sales volumes while larger rivals compete for market share with new models on offer for lower prices.according to a March 1 note from Jefferies.BYD kicked off 2024 with the launch of at least eight lower-cost version cars over the past two weeks.

hit by the week-long Chinese New Year holiday and a prolonged cold snap.in part due to a high base in December when most automakers made a year-end sales push.

according to figures from the China Passenger Car Association.

while February deliveries of Xpeng Motors and Voyah were down roughly half to 4.but unnamed sources told Bloomberg it would total $10 billion over multiple years.

and AI event on March 21.multi-billion dollar investment.

To make matters just a tad more confusing.when Microsoft invested $1 billion.