HONG KONG—China’s electrical-car industry is booming, but the country’s hottest EV startups are observing losses mature even as income rise.
Increasing battery prices and source-chain delays this calendar year have pushed up expenditures further more for rising EV makers. The startups are currently burning money to introduce newer, smarter models—complete with heated therapeutic massage seats or battery-swapping services—to acquire a foothold in the world’s premier auto market place.