Story perspectives

China's EV Leaders Shift Focus to Tech Innovation Amid Sales Slowdown

3/2/2026

Summary

Story summary

Analysts expect discussions on controlling domestic EV output and promoting technological innovation at China's upcoming annual legislative meetings.
Regulators implemented measures to prohibit below-cost sales and delay supplier payments to address deflation.
The meetings will include top officials and leaders from major carmakers Geely and Chery.
EV companies are shifting focus from price cuts to technological advancements amid slowing sales growth and rising costs.

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Story summary

Analysts expect discussions on controlling domestic EV output and promoting technological innovation at China's upcoming annual legislative meetings.
Regulators implemented measures to prohibit below-cost sales and delay supplier payments to address deflation.
The meetings will include top officials and leaders from major carmakers Geely and Chery.
EV companies are shifting focus from price cuts to technological advancements amid slowing sales growth and rising costs.