NEVs drive China’s August auto market recovery
China's new energy vehicle (NEV) segment performed exceedingly well in August, even as internal combustion engine (ICE) vehicle sales slumped.
Per the China Passenger Car Association's (CPCA) August retail data, released Tuesday:
NEV sales hit 1.027 million, up 43% y/y.
ICE sales fell to 878,000, d...
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