Visitors view cars from Li Auto at the Chengdu Motor Show 2022 in Chengdu, capital of Sichuan province, Aug. 26, 2022. Photo: Xinhua
Visitors view cars from Li Auto at the Chengdu Motor Show 2022 in Chengdu, capital of Sichuan province, Aug. 26, 2022. Photo: Xinhua

China’s EV market to see slower growth in 2023 as consumers hold off on big-ticket purchases

  • China’s 200-odd EV makers are expected to deliver a total of 8.4 million vehicles in 2023, up about 30 per cent from the previous year’s 6.4 million
  • That compares to the year-on-year growth of 114 per cent recorded in 2022. China’s EV industry sold 2.99 million vehicles in 2021

Visitors view cars from Li Auto at the Chengdu Motor Show 2022 in Chengdu, capital of Sichuan province, Aug. 26, 2022. Photo: Xinhua
Visitors view cars from Li Auto at the Chengdu Motor Show 2022 in Chengdu, capital of Sichuan province, Aug. 26, 2022. Photo: Xinhua
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