Source: Automotive News China
“It’s still manageable at the moment, and will be OK if customers such as car companies can quickly resume production this month,” he said. “But if that is not improved between March and May, it will bring relatively greater challenges to our sales goals.”
China’s purchases of new energy vehicles collapsed 78 percent in February, in line with the drop in the wider auto market, as customers stayed away from showrooms. Coronavirus-related disruptions added to earlier stresses in the sector, including a reduction in government subsidies.
Full article HERE