China's EV Paradox: Sales Slide as Oil Giant Rips Out Gas Pumps for Ultra-Fast Chargers

China's EV market is flashing conflicting signals: domestic sales have declined for seven consecutive months, with July deliveries down 3.9% year-on-year, yet one of the nation's largest oil retailers is ripping out gasoline pumps to install 1,500 kW flash chargers. Sinopec, China's biggest fuel retailer, gutted a Shanghai gas station and replaced underground fuel tanks with BYD's Blade battery packs—a visceral symbol of an industry eating itself.

The...