NEVs overtake ICEs in domestic retail sales
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In July, new energy vehicles (NEVs) represented 51.1% of all retail auto sales in China – outperforming internal combustion engine (ICE) vehicles for the first time.
Per data released by the China Passenger Car Association (CPCA), in July:
NEV sales hit 878,000 units – up 37% y/y and 2.6% m/m
I...