China S Ev Startups Report Car Sales Surge In 2020 Finbold
China is the world’s largest market for EVs, but the pandemic disrupted the industry in the first quarter of the year as factories closed down and consumers were on lockdown in measures to prevent the spread of the virus. Data from China’s Ministry of Industry and Information Technology show that the electric vehicle industry is gradually recovering from the slump. The ministry said that while overall passenger car sales between January and November dropped by 7....