Reflecting lower showroom traffic because of the Lunar New Year holiday and the emergence of the coronavirus, auto sales in China fell 19 percent in January, more than expected and marking the industry's 19th consecutive monthly decline, the country's biggest auto industry association reported.

The agency now expects auto sales in China, the world’s largest market, to fall 2.9 percent in 2020 from previous estimates of 1 percent growth.

Will a provincial government be able to save China’s Tesla wannabe? Investors seem to think so. The reality may be different.

CATL, China's top electric-vehicle battery maker, is seeking to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund expanded battery output in Fujian, Jiangsu and Sichuan, undertake an energy storage research project, and increase working capital.