China’s first-quarter EV sales growth slowest in a year

News Snapshot:

Open this photo in gallery: A man holds a charging plug at a Smart Charge electric vehicle charging station, in Beijing, on Feb. 2.Florence Lo/Reuters Sales of electric passenger vehicles in China rose 10.5 per cent in March from the same month a year earlier, industry data showed on Tuesday, as automakers led by popular BYD deepened discounts and offered financing tools to boost sales. For January-March, sales totalled 1.03 million EVs, up 14.7 per cent on year and the slowest quarterly growth since the second quarter of 2023, the data from the China Passenger Car Association (CPCA) showed. New...