Chinese automakers prepare to flood the west after EV sales collapse in China

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China experienced a notable decline in sales of new energy vehicles (NEVs) in February compared to January, largely attributed to disruptions caused by the New Year holiday. Preliminary data released by the China Passenger Car Association (CPCA) reveals that retail sales of passenger NEVs totaled 401,000 units in February, marking a 9 percent decrease from the previous year and a substantial 41 percent drop from January figures. Despite this decline, cumulative retail sales of China’s passenger NEVs for the year thus far have reached 1.069 million units, indicating a significant 39 percent increase compared to the same period last year.

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