China EV profit woes fuel market anxiety over challenging 2026

Investors in Chinese electric vehicle (EV) stocks, who had been hoping for a strong earnings season to provide fresh tailwinds, instead face disappointing results that have stoked anxiety about what lies ahead. The sector was riding high – with Xpeng’s year-to-date gain exceeding 130 per cent earlier this month – buoyed by a surge in global risk appetite and an improved outlook for Chinese assets. But signs of pressure at even established firms like BYD have raised new questions over the...