European EV sales are up, 400% in France and 500% in Italy but the world's biggest market is China. GM, Ford, Mercedes, BMW, and Volkswagen projected EV sales in China to skyrocket, to produce monumental profits. Starting Dec 2019, an infectious disease outbreak forced China to mobilize strict quarantine measures in their major cities. The Lunar holiday is over and their economic engine must restart, workers must go back to work. The epidemic has frightened the people, delayed supply lines & some have closed production. The worldwide markets are holding off buying decisions. Chinese automakers’ association, CPCA predicts the sale of new automobiles could fall by as much as 50% in February, following in the wake of a disastrous January that saw sales plunge 20%. The electric vehicle is even worse. BYD EVs fell 68% in January and Tesla China has not revealed their sales figures. Tesla China resumed Gigafactory 3 operations, maybe quixotic or to set an dedicated corporate example.
https://www.usnews.com/news/business...g-market-slump