Domestic NEV sales stall on new-year policy rollback
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As anticipated, January proved a rough reset for China's domestic new energy vehicle (NEV) market. Per the China Passenger Car Association's (CPCA) January data, across the month, China recorded:
1.544 million passenger auto retail sales Just 596,000 NEV sales – down 19% y/y and a colossal 55% m/m ...