SHANGHAI -- Two Chinese electric vehicle makers have flagged slowing sales ahead of the introduction of a delayed sales tax and waning government subsidies, signaling a turning point for the world's largest EV market.
Electric cars in China
China's Li Auto, Nio flag slower sales as government cuts EV incentives
New sales tax and fading subsidy effect increase near-term uncertainty
The interior of Li Auto's i6, a pure electric vehicle model launched in September, is partially visible. The EV maker projects softer sales in 2025 compared to 2024 amid a new tax and fading subsidies. (Photo by Wataru Suzuki)
Read Next
Latest on Electric cars in China
