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Story summary
- China’s domestic auto sales fell 23.1% year on year in the first two months of 2026, reaching 2.8 million.
- The decline reflects reduced government stimulus and NEV policy changes, including the removal of a 5% NEV tax exemption.
- Tesla, Inc. saw sales rise 91% in February, aided by exports.
- China’s vehicle exports rose 52% in February, with BYD Co., Ltd. and Honda Motor Co., Ltd. expanding into new markets.
