this post was submitted on 12 Feb 2026
200 points (99.0% liked)

World News

53706 readers
2062 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Tesla’s domestic sales in China collapsed 45% year-over-year in January, falling to just 18,485 units — the automaker’s lowest monthly retail figure in the country since November 2022. The data, released today by the China Passenger Car Association (CPCA), paints a grim picture of Tesla’s demand in the world’s largest EV market.

The figure represents an 80% plunge from December’s record-high 93,843 domestic deliveries. While seasonal declines between December and January are normal in China, a 45% year-over-year drop is not.

you are viewing a single comment's thread
view the rest of the comments
[–] jacksilver@lemmy.world 6 points 12 hours ago (1 children)

Any idea if this is within expected ranges or is there something breaking down. I know that there has been speculation that the way the industry was operating wasn't sustainable, but is this a natural/maintainable shift or something else?

[–] Novocirab@feddit.org 3 points 11 hours ago (2 children)

I recall the general observation that a lot of Chinese EV companies were being built up, quickly building production capacities that, taken together, greatly exceed demand, each company hoping to be among the few that eventually survive. So that what we're now seeing would be this show down

[–] Hotznplotzn@lemmy.sdf.org 2 points 4 hours ago

Yes, in a nutshell, this is what we have been observing over the recent years. Many Chinese carmakers have gone bankrupt or halted production over the years, and the remaining are struggling with fierce price wars in China's domestic market.

For 2026 the outlook is not too positive. Cui Dongshu, the Secretary General of the Chinese Passenger Car Association (CPCA), predicted "zero growth or slightly positive growth" for 2026, according to Chinese state media. Based on CPCA data, we'll likely see China's auto market in 2026 on track for the worst year since 2020 when the economy was disrupted by the pandemic.

A China Automobile Dealers Association survey showed that 41% of surveyed dealers expected lower sales targets from automakers in 2026 and 18.1% of those surveyed forecast a drop of more than 10%, Reuters reported.

Analysts -in China and abroad- largely agree that the major factor in China is low consumer confidence due to a weak economy. They also say that China's car manufacturers become increasingly dependent on export markets. We will see how the EU and other markets will respond as the Chinese party-state subsidizes the industry and thus its overproduction heavily.

@jacksilver@lemmy.world

[–] jacksilver@lemmy.world 1 points 9 hours ago

Yeah, that's what I was wondering.