China Market

Volkswagen Group will withdraw its Skoda brand from mainland China by mid-2026 after years of falling sales. Deliveries dropped from 341,000 in 2018 to around 15,000 last year as domestic EV makers gained market share.

18 Mwezi wa pili, 2026 Imeripotiwa na AI

Electric vehicle sales worldwide dropped 3% in January 2026 compared to the previous year, extending the slowdown seen after BYD overtook Tesla as the top global EV seller in 2025. Tesla faced sharp declines in key markets like China, the US, and Europe due to policy changes, rising competition, and reputational issues, reporting its lowest sales in China since late 2022.