China EV Makers Rebound in Sales as Subsidies and Financing Boost Demand
Chinese electric vehicle makers experienced a strong rebound in sales last month, driven by government subsidies and financing incentives. This momentum is expected to carry through the coming months, with new models set to debut at the Auto China show in Beijing.
Chinese electric vehicle (EV) makers posted a strong rebound in sales last month, shaking off the weak start to the year as local government subsidies and aggressive financing incentives drew in first-time buyers. Momentum is expected to carry through the coming months, with dozens of new models set to debut at the Auto China show in Beijing, likely to stimulate fresh demand. βThe sweeping improvement in deliveries revived hopes for a steady [EV] market after a woeful performance in January and....