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Speculation has been that the Galaxy S24 will take full advantage of artificial intelligence.

Jefferies analysts attributed the decline to a seasonal demand lull in the just past Lunar New Year holiday.Sales of major Chinese electric vehicle makers including BYD and Geely fell by nearly half in February from a month prior.

Context: Analysts expected NEV sales to bounce back in March following recent price cuts by Chinas major automakers.NEV sales in China declined 29.Huawei-backed EV maker Aito and Nasdaq-listed Li Auto.

which reduced working days and dampened buying interest.dropped 49% month-on-month to 33.

Consolidation within the worlds biggest EV market is expected to accelerate as competition intensifies and growth slows.

accompanied by an unexpected cold snap that swept through most of China.Great Wall Motor saw a bigger decline from a month earlier than its rivals as the auto major sold 12.

already struggling to maintain reasonable sales volumes while larger rivals compete for market share with new models on offer for lower prices.Most automakers have either launched cheaper new models or offered big incentives to drive sales in recent weeks.

Huawei-backed EV maker Aito and Nasdaq-listed Li Auto.in part due to a high base in December when most automakers made a year-end sales push.