The Shanghai auto show, the largest in China since before the pandemic, had one theme: The dominance of electric vehicles in the world’s largest car market is here to stay.
The intense competition among the country’s huge number of start-up carmakers has unsettled what had been a pillar of the economy in the last few years.
Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s.