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The industry group warned that numbers would drop in February to their lowest level of the year as the market entered a traditionally low season.including battery EVs and plug-in hybrids.

Jefferies analysts attributed the decline to a seasonal demand lull in the just past Lunar New Year holiday.TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry.One-time Monthly Annually One-time $60 $120 $365 Other Donation amount $ Monthly $10 $20 $30 Other Donation amount $ Annually $60 $120 $365 Other Donation amount $ Your contribution is appreciated.

Li Auto president Ma Donghui told investors last week that the top three brands could together claim 70% of the segment in which an EV is priced from RMB 200.as monthly sales of both Leapmotor and Hozon Auto fell below 7.

It remains to be seen whether March will witness a sales rebound.

Consolidation within the worlds biggest EV market is expected to accelerate as competition intensifies and growth slows.Ask Copilot Pro to generate the same content.

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