Deliveries of electric vehicles (EVs) in China fell 3.9 per cent in July from a year earlier, extending their decline to a seventh consecutive month as fading government incentives and weaker consumer demand weighed on the market. Domestic sales of pure electric and plug-in hybrid vehicles last month also fell 5.8 per cent from June, according to data from the China Passenger Car Association (CPCA). “A bleak market outlook is likely to affect most small [EV] companies, as some of them will be...
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Business
August 12, 2026 at 7:00 AM
China’s EV sales slide again amid fading incentives, weak demand and persistent price war
SCMP Business