NEVs start out strong in the Year of the Snake
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New energy vehicles (NEVs) kicked off the Lunar New Year with stronger-than-expected domestic sales.
Per China Passenger Car Association (CPCA) retail data released earlier this month, in March:
NEV sales hit 991,000, up 38% y/y
Gas-powered auto sales fell nearly 3.0% to 949,000
That gave NEVs a 5...