China´s electric car sales slump, squeezing automakers
(WorldNews China)

Beijing - Looking for a new car, Yang Zhibo considered an electric but balked at prices that are thousands of dollars higher after Beijing wound down multibillion-dollar subsidies that made China the biggest market for the technology. The 27-year-old employee of a beverage distributor picked a gasoline-powered Chevrolet instead. `I am afraid the technology is not mature and the price is too high,` Yang said. China´s leaders are promoting electric cars to help transform the country into a creator of profitable technologies, but sales are stalling as thousands of buyers make a similar choice. In this April 16, 2019, photo, attendees take a close look at cars from BYD at the Auto Shanghai 2019...