BYD Co. reported a 41% drop in vehicle sales for February from a year earlier, after a record-long Lunar New Year holiday brought production and retail activity in China to a near standstill for much of the month.

The council said it wanted to install EV charging points in areas with limited off-street parking.

Ford’s Jim Farley, VW’s Oliver Blume and Mercedes-Benz's Ola Kallenius face added pressure as investor patience thins.