✉news BusinessRetail first seen 6 h ago, last 6 h ago, peak #36
China NEV retail sales fall 20% in late September
Original: China NEV retail sales fall 20% in first 27 days of September as decline deepens
Retail sales of new energy vehicles in China dropped 20% in the first 27 days of September compared with the same period last year, extending a downturn in the world's largest EV market. The decline deepened through the month, raising concerns about weakening consumer demand despite heavy discounting and intense competition among automakers.
Why now: A sharp, deepening sales drop in China's EV market signals weakening demand and pressures automakers and investors
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/491740