Key Points
- China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.
- Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week.
- China’s mix of subsidies and consumer purchase incentives have supported the rapid growth of new energy vehicles in recent years.
