Last year, the top-10 Chinese manufacturers accounted for more than 96 per cent of e-car sales in China. Shenzhen-based BYD Auto overtook California-based Tesla as the world’s largest e-car maker, by sales in 2015. Photo: SCMP handout

Fitch predicts rebound in Chinese new energy vehicle sales, despite government reduction in subsidies

New-energy vehicle sales surged more than 18-fold in China from 2013-2015, as generous government subsidies fuelled consumer demand and production

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Last year, the top-10 Chinese manufacturers accounted for more than 96 per cent of e-car sales in China. Shenzhen-based BYD Auto overtook California-based Tesla as the world’s largest e-car maker, by sales in 2015. Photo: SCMP handout
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