NEVs (at long last) exceed 50% of auto exports
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In March, China exported more new energy vehicles (NEVs) than gas-powered autos (ICE) for the first time. According to China Passenger Car Association (CPCA) data, in March auto exporters shipped:
349,000 NEVs, a record high, and up 30% m/m and 144% y/y 346,000 ICE exports, up 21% m/m and 40% y/y
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