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China's EV Deliveries Plummet Over 40% in January

2/4/2026

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Summary

Story summary

Mainland China electric vehicle deliveries fell more than 40% in January 2026 to 900,000 vehicles, a 42.3% drop from December's 1.56 million, according to the China Passenger Car Association.
This marks the second consecutive monthly decline and matches analysts' expectations for lower 2026 demand.
Zhou Ling, a hedge fund manager, said government stimulus retreat is hurting profitability.
Tesla's Shanghai Gigafactory deliveries fell 28.9%, while BYD and Xpeng also reported declines.

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Story summary

Mainland China electric vehicle deliveries fell more than 40% in January 2026 to 900,000 vehicles, a 42.3% drop from December's 1.56 million, according to the China Passenger Car Association.
This marks the second consecutive monthly decline and matches analysts' expectations for lower 2026 demand.
Zhou Ling, a hedge fund manager, said government stimulus retreat is hurting profitability.
Tesla's Shanghai Gigafactory deliveries fell 28.9%, while BYD and Xpeng also reported declines.