Part of CNA’s series on the forces powering electric vehicles in Asia, this piece follows the mechanics, technicians and sales workers scram
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Part of CNA’s series on the forces powering electric vehicles in Asia, this piece follows the mechanics, technicians and sales workers scram
China EV Demand Looks Soft, and Tesla’s Stock May Be on a Different Curve
Topic / Subject Chinese EV sales slumped in February, and Barron’s argues Tesla’s stock story may be judged more on its AI narrative than near-term China volume. TL;DR China demand looks soft right now, but Tesla bulls may keep focusing on robotaxi and Optimus hype instead of a rough month of deliveries. Key Details • Barron’s reports a sharp February drop for major Chinese EV makers,…
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The sale of vehicles at the retail level in China went down by 45% in the initial 3 weeks of March. The auto market in China might take up to the fall season to pick itself up. But sales have resumed after the Chinese government presumedly brought the COVID-19 pandemic under control. To attract buyers, automakers are resorting to creative methods that are otherwise gimmicky.
The GAC electric…
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