the decline is due to a0 micro cars with low range gets no subsidy anymore, which was account for over 70% of the sales before. because people just buy them to keep a rego plate for themself. rego plate is limited in china for ICE cars. they were just buying it back then for oppotunitist reasons. higher range family cars are still on uptrend because the solid electric car user base is growing. expect to see a recover in sales later this year. in addtion, higher range cars use more battery too, not a bad thing for pls. you can find many article early july regarding the analysis of june qtrly sales.
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