Chinese automotive brands boosted their collective share of the domestic light-vehicle market to 43.3 percent in the first three quarters of the year, up 6.7 percentage points from the same period in 2020.

Nearly 1.5 million EVs were sold across China in 2021's first nine months, more than triple the tally a year earlier.

The Chinese auto industry isn't going to restructure anytime soon – even as the government this week began to signal interest in seeing consolidation.

In China’s light-vehicle market, micro electric vehicles have not only become the main force driving EV sales, but also generate a precious resource coveted by automakers: government carbon credits.