Vehicle Sales Drop in China

January decrease follows end of tax break, subsidy.
January decrease follows end of tax break, subsidy.
Mazda Motor Corp. reports sufficient parts inventories will keep production status quo despite COVID lockdowns at Chinese suppliers.
Such cars will continue to be made with a different JV there, though demand continues to fall.
Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
Cites geopolitical, local-competition issues.
Big EV battery, materials supplier says cutting it out is ‘discriminatory.’
Ongoing shortage forcing brands to trim production, especially in North America.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.
China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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