BUSINESSSCMP CHINA
China’s EV deliveries remain stuck in downward spiral, exacerbating industry worries
China’s electric vehicle (EV) deliveries declined for the sixth consecutive month in June, with a 7% year-on-year drop to 1.04 million pure electric and plug-in hybrid cars. Carmakers’ promotions failed to offset the decline, raising concerns about the profitability of Chinese EV firms.
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Adjacent reporting
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