China’s EV sales slide again amid fading incentives, weak demand and persistent price war

AI Summary

China's electric vehicle sales declined for the seventh consecutive month in July due to reduced government incentives, weakening consumer demand, and ongoing price wars. The downturn in EV deliveries is impacting small manufacturers amid a bleak market outlook.

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...