In August 2025, Wang Lei decided it was finally time to say goodbye to his electric vehicle. Wang, who is 39, had bought the car in 2016, when EVs still felt experimental in Beijing. It was a compact Chinese brand. The subsidies were good, and the salesman talked about supporting domestic innovation." At the time,...

This is today's edition ofThe Download,our weekday newsletter that provides a daily dose of what's going on in the world of technology. China figured out how to sell EVs. Now it has to bury their batteries. In the past decade, China has seen an EV boom, thanks in part to government support. Buying an electric...