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China auto sales likely plunged 18% in January, coronavirus outbreak takes a toll

China auto sales likely plunged 18% in January, coronavirus outbreak takes a toll

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  1. And yet Elon Musk is acting like everything is wonderful at the Shanghai Gigafactory.

  2. This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-china-autos/china-auto-sales-likely-plunged-18-in-january-coronavirus-outbreak-takes-a-toll-idUSKBN2070K3?il=0) reduced by 70%. (I’m a bot)
    *****
    > BEIJING/SHANGHAI – China's vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak.

    > The epidemic will hit auto sales and production hard in the short term, the China Association of Automobile Manufacturers said, predicting competition in the industry would get fiercer and some smaller parts suppliers could collapse.

    > Preliminary data for January shows vehicle sales tumbled 18% while sales of battery electric and other so-called new energy vehicles plunged 54.4%, down for a seventh month in a row, the association said.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/f379i8/china_auto_sales_likely_plunged_18_in_january/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~467961 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **sales**^#1 **last**^#2 **month**^#3 **holidays**^#4 **vehicle**^#5

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