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flag Chinese EV firms extend incentives amid price war, but sales fall slightly year-on-year.

flag Chinese EV makers like Nio and Li Auto are extending financial incentives through 2025, continuing a three-year price war. flag These incentives include cash subsidies and zero-interest financing to boost sales before new government subsidies take effect. flag Despite these efforts, auto retail sales have declined by 0.7% year-on-year. flag China's EV sales are expected to exceed 12 million units by 2025.

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