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NEWSCMP Economy Series

The state of China’s EV industry

China’s electric vehicle (EV) industry sits at the centre of numerous economic and geopolitical trends: consumer spending, environmental protection, trade policy, high-end manufacturing, technology and more. In this short series, the SCMP assesses the current state of the sector within these broader contexts.

Updated: 22 Jul, 2026
Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai in China’s eastern Shandong province. Photo: AFP
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China’s car industry is on a tear overseas. So why are sales at home plunging?

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.

21 Jul, 2026
Illustration: Davies Christian
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