Why China's EV market may remain fragmented for years

IM Motors' L7 electric vehicle at the 2021 Shanghai auto show. China’s electrified-vehicle market, by far the largest worldwide, is still young and boasts tremendous growth potential. (BLOOMBERG)

March 21, 2024 04:14 PM

SHANGHAI — In 2023, 403 new-energy vehicle cars and light trucks were marketed and sold across China, with an average monthly sales volume of only 1,500.

Featured Stories

Tesla could benefit from Trump’s tariffs by undercutting rivals. Here’s how.

Trump pushes for auto loan interest deductions for U.S.-made models

Live updates on tariffs: Industry works to minimize disruption

Dealership buy-sell database updates: Details on 11 deals across 10 states

Latest News

Live updates on tariffs: Industry works to minimize disruption

Top 5 Canadian auto stories this week: Trump auto tariffs; Tesla payments frozen; more

Trump sued by Democratic FTC commissioners for their firings

Ford CEO Jim Farley to employees: U.S. footprint a positive, but tariff impact ‘likely to be significant’

Staying current is easy with newsletters delivered straight to your inbox.

See More in China Commentary

Ford, Kia gain some traction in revamping China operations

Huawei attracts more automakers as ambitions become clearer

Column: GM’s core China joint venture faces existential crisis

Column: China is pressuring EU to halt anti-subsidy EV tariffs

Staying current is easy with newsletters delivered straight to your inbox.