CNBC·3 min read·medium
China's car market heads for worst year since 2021 as sales fall 20%
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Matthew Tan, Evelyn Cheng
✦AI Summary
China's automotive market is facing a significant downturn, with sales projected to fall 14% to 20% in 2026. Analysts attribute the decline to intense competition, rising fuel costs, and the withdrawal of government subsidies for new energy vehicles.
China's car market appears to be headed for its worst year since 2021, as consumer demand for passenger vehicles tumbles following record-high sales in 2025 .
businesseconomy
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