Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum as more carmakers heed Beijing’s call to hold back on discounts and focus on profitability.
Total EV deliveries, comprising passenger cars and commercial vehicles like buses, slid 5 per cent from a month earlier to 1.26 million units in July, according to data from the government-backed China Association of Automobile Manufacturers (CAAM). It was the first…
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