China's car sales in January fell at the fastest pace in nearly two years as competition steepens in the cutthroat market where automakers are grappling with fading government subsidies, softening demand and tighter regulations.
Sales at home dropped 19.5% from a year earlier to 1.4 million vehicles, the biggest fall since February 2024, data from the China Association of Automobile Manufacturers showed on Wednesday.
Source : Reuters.com