China EV Deliveries Extend Year-on-Year Decline as Promotions Intensify Margin Pressure
Preliminary CPCA data cited by the source show June deliveries of 1.04 million pure electric and plug-in hybrid vehicles in mainland China, down 7% year-on-year versus 2025. The sixth consecutive year-on-year shortfall, despite promotions, is amplifying concerns over profitability and the sustainability of price-led competition.