Major Chinese electric vehicle (EV) makers got off to a bumpy start in 2026 as they reported falling deliveries in January due to softening government support.
Shares of Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummeted on Monday morning, battered by a bearish delivery outlook in the cutthroat mainland EV market.
“Lacklustre [sales] data in January represented a rude reminder that the industry will face a difficult year,” said Ivan Li, a researcher at Loyal Wealth Management in Shanghai….
Chinese EV makers’ shares skid as sales slide after tax incentive ends
