Reported about 12 hours ago
In January 2025, Chinese car sales experienced a 12% decline compared to the previous year, marking the largest drop in nearly a year and the first decrease since September. This downturn comes amid heightened competition in the world's largest auto market, with electric vehicles accounting for a growing portion of sales but still trailing gasoline cars. Analysts suggest that the demand fluctuations are partly due to the Lunar New Year, which shifted from February last year to January this year.
Source: YAHOO