Fergus Naughton

Senior Analyst, China Research
+86 10 5960 3315

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Recent China research

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* China Watch: The profit cycle – still some way to go, Michelle Lam, Trey McArver, Larry Brainard, 30 Nov 2017
* China Watch: China’s road to an automotive superpower, Michelle Lam, Trey McArver, Larry Brainard, Kingsmill Bond, 23 Nov 2017

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China Monitor: China cuts new-energy vehicle targets amid wider car sales slowdown

Overview

Despite upbeat statements from government officials and motor executives at flashy car launches and gaudy PR events over the past several years, the “new reality” of China’s slowing economy has led Beijing to reassess its over-optimism about the roll-out of new-energy vehicles (NEVs). The number of NEVs the authorities expect on the roads over the next five years has been cut, as current sales have fallen far below government expectations.

A slowdown in total car sales is...

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