Electric vehicle deliveries in mainland China slumped by more than 40 per cent in January, darkening the outlook for a sector grappling with rising production costs and the gradual withdrawal of government support.
The country’s roughly 50 electric carmakers sold about 900,000 vehicles last month, down 42.3 per cent from 1.56 million units in December, according to preliminary data released by the China Passenger Car Association (CPCA) on Wednesday.
The figures, which include retail sales,…
China’s turbocharged EV market hits a speed bump amid falling sales and rising costs
