The China EV Paradox: Gas Cars Crumble at Home as Chinese Brands Conquer the World

China's automotive market is splitting into two irreconcilable realities. Pure battery-electric vehicle (BEV) sales rose 6% year-over-year in July, while sales of vehicles with combustion engines collapsed by a staggering 44%. Yet headlines still call it an "EV slump" — because China's broad "new energy vehicle" category includes plug-in hybrids and range-extenders, which are dragging the total down. The real story? The internal combustion engine is dying in the...