first, it is no accident that Chinese cars tend to depreciate at a faster rate. We production capabilities established in recent years. Consequently, OEMs such as BYD, Caoa, and GwM have expanded into new markets, adopting a competitive pricing strategy. This approach has driven down the cost of comparable new vehicles, which, in turn, has resulted in depreciation in the value of used cars for those same models. Electric and PHEV motors, battery impact: Most Chinese OEMs have a large focus on EV and PHEV hybrid cars, which leads to batteries that last for less